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.

About the author

Juli Niemann is executive vice-president for research and portfolio management with Smith, Moore and Company.


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