Interest rates are expected to continue their upward march, but for now they’re not expected to get high enough to harpoon the stock market. Treasury yields have been rising quickly in the last week, and the benchmark 10-year yield has been on a tear – reaching 1.33% in the early morning hours Wednesday before retreating below 1.30%. Yields move opposite price, and the 10-year has risen from about 1.15% just a week ago to levels that are close to where they were when the pandemic started hitting the economy last February.
Source: CNBC – Bonds
