The yield on 10-year Treasury bonds is approaching 1.7%, within 20 basis points of already low pre-pandemic rates. The move higher is in response to signs of an economic recovery and perceived risks around inflation. But sub-2% 10-year interest rates are far from what a healthy economy would support. … READ MORE >
Treasury yields
American peak growth? Here is some much-needed context
One of the stories driving conversation today in financial markets, especially among fixed-income participants, is the idea that U.S. growth has peaked and that is why bond yields have declined recently. This discussion needs some context. … READ MORE >
CHART OF THE DAY: 10-year Treasury yield pushes above 1%
Yields broke past 1% overnight Tuesday and traded in a range on Wednesday. They did not move sharply following the civil unrest in Washington. We expect the 10-year yield to end the year at 1.29%, which is up from the 1.073% at the time of this writing. … READ MORE >