From 24/7 Wall Street:
The yield on the 30-Year Treasury Bond is now over 4.60% and the 10-Year Treasury Note is yielding 3.75%.
It was just at the last bond auction that the T-Bond was 4.49% and sold at 4.52%, and the 10-Year’s yield was a mere 3.20% on November’s closing yield. Most traders will look at the prices of the on-the-run bond futures rather than an outright yield, but that inverse relationship between price and yield is always present.
These rising yields might not be a major concern on the surface and when considering we are in the holiday trading with lower market participation, but these yields look like they are bumping against the highest yields in July and…
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More on interest rates and the US economy:
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A crushing burden of debt will destroy America
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