Bond traders are taking little solace in the market’s recent calm for a simple reason: It’s not likely to last.
Stocks barely budged last week, with the S&P 500 shedding 0.1%. The index is now up 7.6% year to date, up 15.5% from its October 12 closing low.
With the Federal Reserve raising its benchmark interest rate month after month, rates on lending products have climbed as well.
Results from a number of mid-sized lenders showed that regional banking isn't getting any easier.