2.23.21 Treasury Yields Are Rising. Now What?
Treasury yields started moving sharply higher this past month (remember that as yields go up, prices go down). And while the upward march began in earnest last August when the 10-Year Treasury yield bottomed at an all-time low rate of 0.50% based on closing prices, the past week we saw the 10-year break through the 1.25% threshold and touch 1.35%, a new high for the year. So naturally, investors are right to ask two questions: 1) How does this recent move up in yields compare to previous recoveries and 2) what should be expected for the rest of the year?
“We believe more good news on the economy will continue to push yields
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