Citi's Mann Says 3.5% Is Not a Bad Number for the 10-Year Yield

The video discusses the normalization of monetary policy, focusing on the need for higher policy rates and inflation targets. It explores the implications of rate hikes on the economy and financial markets, including asset prices and interest rates. The discussion also covers the housing market, highlighting the challenges faced by younger buyers due to affordability issues rather than interest rate exposure.

Discuss the potential effects of a 10-year treasury yield of 3.5% on the economy.

What challenges do younger buyers face in the housing market according to the discussion?