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Friday’s jobs report came in weaker than expected. That kind of news usually draws bond yields down. This time the 10-year Treasury yield ticked higher anyway and closed at 5.28% on October 2. In recent sessions, it briefly reached 5.34%, its highest since 2002. Banks and lenders use that rate to price mortgages, car…
Inflation-driven rate swings push US investment-grade yields above 6%, denting demand for jumbo deals and cooling corporate bond issuance.
The 10-year and 30-year Treasury bond yields climbed to their highest levels since 2002 on Thursday, and Clocktower Group market strategist Eric Wallerstein warns that the bond market is a bigger threat than artificial intelligence risk years down the line. A Bigger Threat Than AI Wallerstein, in a post on X, said…