On Thursday, the yield on the US 30-year Treasury bond hit its highest since 2011 and the 10-year note notched its best return since October 2022.
Bond yields go up as bond prices fall.
What it means: Higher bond yields could mean bad news for stocks: Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down.
If international bond yields rise, the demand for US bonds may decrease, meaning the US may have to offer even higher yields to attract investors.
Still, whatever happens abroad, Turnquist said the key to bringing Treasury yields down will be a slower US economy.
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Bond, Stocks, Adam Turnquist, Turnquist, ”, ” Taylor, Taylor Swift, QuestionPro, Swift, Krystal Hur, Bryan Mena, Elton John’s, Larry Miller, New York University Steinhardt
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