2024-04-08 20:45:00 ET
Summary
- Right about the present level of the 10-year Treasury yield (4.4% as of Friday’s close) the stock market began to feel pressure last summer.
- While it is difficult to see bonds selling off and yields rising, if the Fed is to cut rates, maybe the bond market is seeing something on the inflation front that the Fed has not realized yet.
- Another issue whipping around stock and bond markets is trouble in the Middle, East, which is likely to see some type of escalation in the coming week due to the bombing of the Iranian consulate in Damascus.
Right about the present level of the 10-year Treasury yield (4.4% as of Friday’s close) the stock market began to feel pressure last summer. That pressure lasted for three months, from August 1 to October 27....
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For further details see:
With 10-Year Treasuries At 4.4%, How High Is Too High?