Bonds & Rates
Treasury yields climb as credit slips
The long end stays under pressure while credit and bond funds trade lower.
Treasury yields move higher across the curve. The 5-Yr Treasury rises 1.1% to 4.557%, the 10-Yr climbs 0.8% to 4.796%, and the 30-Yr adds 0.4% to 5.268%.
That move comes alongside the market headlines about Middle East tensions and higher oil prices. CNBC World says global bond yields soar to multi-decade highs as turmoil reignites inflation fears, and CNBC Markets notes the 10-year yield hits its highest since January 2025 as investors focus on the region.
Credit proxies are weaker. LQD falls 0.9%, HYG drops 0.9%, and MUB loses 0.7%.
Rates remain above their longer-term averages, with the 10-Yr Treasury still above both its 50-day and 200-day averages. The move is notable because it comes even as stocks sell off, a sign that this is not a simple growth scare day.