Bonds & Rates
Treasury yields climb while credit stays mixed
Rates push higher across the curve, with credit and bond proxies taking a more selective hit.
Treasury yields rise across the curve. The 5-Yr Treasury closes at 4.46%, up 1.9%. The 10-Yr Treasury ends at 4.745%, up 1.8%. The 30-Yr Treasury finishes at 5.275%, up 1.3%.
The move keeps pressure on rate-sensitive assets. TLT falls 0.7%, LQD slips 0.2%, and MUB declines 0.1%, while HYG is roughly flat at 79.48. The broader bond complex is still above its 200-day average in Treasuries, but not in some credit proxies.
The day’s rate action comes alongside a softer VIX and a firmer stock market, so the message is not simple. Volatility eases even as the long end of the curve stays elevated.
For context, the 5-Yr is at 4.46%, the 10-Yr at 4.745%, and the 30-Yr at 5.275%, levels that keep duration-sensitive names in focus without changing the fact that equities still closed higher.