Bond Market Fireworks Force a Stumble in Stocks
July 09, 2021 at 13:21 PM EDT
Treasury Bond Market Move Surprises Everyone The July 4th holiday’s fireworks extended into the work week on Wall Street. The 10-year Treasury note rallied further and faster than many had thought possible, pushing the yield down to as low as 1.25% during Thursday’s trading. It was at 1.77% at the...