Calling it a “New World” is a bit of an exaggeration but since this week the yield on the 10-year US government bond topped 3% for the first time in four years, it was kind of a big deal in the investing world.
The 10-year US government bond is a benchmark and indicator for a number of things including: mortgages, companies borrowing to grow, the price of oil … and, yes, stock prices. We all know that the “financial crisis” is now 10 years in the past and for the past 10 years interest rates have been super LOW. This has been both positive and negative for investors. Continue reading “New World… Of Higher Bond Yields”