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Oil prices that top the $100-per-barrel mark have downstream effects on all kinds of things. Bonds are among them.
The Treasury bond market is unstable at the moment, telling a story of investors on the edge.
On Monday, bond traders weren’t exactly rushing for a safe haven.
Yields on the 10-year Treasury note rose after the recent debate on the idea that a Trump election win could boost inflation.
The yield on the 10-year Treasury note reached a 16-year high Tuesday. That benchmark rate lifts interest rates on other loans.
For well over a year, the interest paid by long-term Treasury bonds has been lower than that of shorter-term debt. But a recession hasn’t happened yet.
The markets that set the yield on bonds are trying to predict the economic future.
