Bond yields spike on interest rate apprehension
Traders work on the floor of the New York Stock Exchange (NYSE) on June 7, 2013 in New York City.
The yield on the government's 10-year Treasury bond was up sharply this morning to 2.25 percent. Just a month ago, bonds yields were bouncing around 1.6 percent.
Juli Niemann, analyst with Smith Moore & Company, joins Marketplace Morning Report host David Brancaccio to explain what's got the market in a frenzy.