AFB - Bond Market Hiccup
By John R. Mousseau, CFA
The bond markets have experienced a hiccup in the first part of this year, with the 10-year bond rising 45 basis points in yield, to 2.85% from 2.40%, and the 30-year bond rising 37 basis points in yield, to 3.11% from 2.74%. Our feeling is that these yields are rising in one measure to compete with the blistering start to the stock market (which itself has seen bouts of volatility in the past week).
It is ironic that, in Janet Yellen's last week as chair of the Federal Reserve Board,