(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?
The first earnings season of 2021 will begin with big banks reporting on Friday, as JPMorgan Chase, Citigroup, and Wells Fargo report fourth quarter earnings.
