Stock Market Cool To Bond Market’s Heat

By Paul Vigna

The Federal Reserve is going to start raising interest rates. If not in June, then probably in September. If not in September…you get the point. No matter the exact timing, rates are going to be pulled up, eventually. If this recent move really is the market pricing in that reality, John Kosar at Asbury Research said, “it would set up a rise in the U.S. 10-year yields to the next key level at 2.34% to 2.39% and suggest that the typically prescient and forward-looking bond market is starting to price in an emerging new trend of rising long term US interest rates.”

The 10-year rose as high as 2.35% before falling back, lately at 2.24%.


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