The Bond Market’s Moment of Truth Is Now
- Ten-year yield closes above key mark for first time since May
- Breakthrough has traders eyeing 2.5% and 2.6% levels
The Biggest Investor in the U.S. Is...the U.S.
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The bond bears may finally be having their moment.
The 10-year Treasury yield rose one basis point Wednesday to 2.42 percent, after closing above 2.4 percent Tuesday for the first time in five months. The yield had previously failed to sustain increases above that mark on several occasions since May, making it a bellwether of the potential for yields to return to their highs of the past year.