The march to a yield of 2.7% on the 10-year Treasury has set off nervous market chatter–and a retreat in stock prices today

January 30, 2018 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed | 4 comments

When is high too high? The U.S. stock market has been a real champ at sailing past the prospect of higher interest rates to new high after new high. But the march of the yield on the 10-year U.S. Treasury has led to a pause for thought among traders and investors. The yield on the 10-year climbed to 2.71% this morning.