BOND MARKET BLUES
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Submitted by The Capital Spectator
Reports of rising inflation are everywhere, and the bond market is paying attention.
As evidence, we turn to Exhibit A–the 10-year Treasury yield, which closed above 4% for the first time since December 31, 2007. Rising yields are present in other maturities, too, including the 2-year Note, which yesterday settled at 2.62%, the highest since this past January.
