(Bloomberg) - Long term interest rates in the U.S. have been heading higher. Yields on 10-year Treasury notes have risen almost half a percentage tojust under 4.70% this week. That’s the highest since January 2025. This raises some obvious questions, such as what’s driving the rise and are the reasons mainly cyclical or should they be viewed as systemic and of deeper concern?
Some market environments are easier to explain than others. But whether the cards on the table make sense or not, we all have to play the hand the market deals us.
