Bond yields spike on interest rate apprehension
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. A glitch caused the NYSE to halt all trading on Wednesday.
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.