basis point is a hundredth of a percentage point. This morning Japan’s ten-year government bond yield jumped to 3.08% in Tokyo’s first session after three days of holidays, and the German ten-year is at 3.57%, the highest of the past year. Rates are rising everywhere at once. The question that decides what this means for stocks is simple: are yields ris…
Rates — The 5-Year Hits 5%: Growth Story or Debt Story?
The five-year Treasury yield touched 5% on Wednesday for the first time since 2007, and the ten-year closed at 5.114%, up nearly fifteen basis points in one session.
