Bond Yields Are Up - And It's About Time, Too

摘要

It took a long time, but the bond market finally may be getting religion. Market playes are staring to believe that the U. S. Reserve will be lifting short-term interest rates by more than they had expected. Now, central bankers overseas are starting to preach a similar message of economic improvement and tighter monetary policy. As a result, bond brethren have sent yields recently to two-year highs. Yields on 10-year Treasury notes have been hovering at or above 4.7 percent for most of March, up from 4.1 percent six months ago. That rise is the market equivalent of a loud "amen."