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The 10-year Treasury yield is inches away from 3%, a level that could cause shock waves in the financial markets
The yield on the benchmark 10-year Treasury note started the week on a tear, jumping to 2.99 percent and toying with the key 3 percent level that could trigger a reaction across global financial markets. The 10-year yield was at 2.975 percent at 10:01 a.m. ET, after topping 2.99 percent earlier Monday. The yield on the 30-year Treasury bond was higher at 3.152 percent. Yields move inversely to bond prices. Should the yield hit 3 percent, it would be the note's highest rate since January 2014. The benchmark for mortgage rates and other financial instruments has jumped in April on signs of increasing inflation and as ... (full story)