Buckle Up: Interest Rates Spike to 5-Year Highs

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Sometimes the news comes to us from the ‘comment’ section, and it just came in from frequent commenter Cal, who tells the story of the day in two words: ‘Buckle Up.’

More, from Reuters: Stocks fell today ‘when the yield on the 10-year Treasury note soared to a five-year high of 5.27%. The climb in bond yields exacerbated jitters about mortgage rates rising, which could hurt the already sluggish housing market, and about the Federal Reserve hiking interest rates, which would slow down corporate deal-making.’

Thanks, Cal.
Photo Credit: Reuters