floridafan
Verified User
Here we go again: Treasury yields are spiking, and unsettling the stock market, too.
Concerns about higher inflation caused an investor exodus from government bonds on Tuesday. Heavy selling drove the 10-year Treasury yield to 3.067%, the highest since July 2011.
The 10-year yield helps determine how much it costs to borrow money, including mortgages, car loans and credit card rates.
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The bond market sell-off began after the government said retail sales grew at a healthy pace in April, signaling the economy started the second quarter on a positive note. Relatively weak retail sales in February and March were revised higher, another sign of firmer inflation.
http://money.cnn.com/2018/05/15/investing/bonds-treasury-yield-stocks/index.html
Here we go boys and girls, our debt is about to skyrocket!
Concerns about higher inflation caused an investor exodus from government bonds on Tuesday. Heavy selling drove the 10-year Treasury yield to 3.067%, the highest since July 2011.
The 10-year yield helps determine how much it costs to borrow money, including mortgages, car loans and credit card rates.
Powered by SmartAsset.com
The bond market sell-off began after the government said retail sales grew at a healthy pace in April, signaling the economy started the second quarter on a positive note. Relatively weak retail sales in February and March were revised higher, another sign of firmer inflation.
http://money.cnn.com/2018/05/15/investing/bonds-treasury-yield-stocks/index.html
Here we go boys and girls, our debt is about to skyrocket!