Published September 21, 2018

After first popping above 3% back in May, U.S. 10-year Treasury rates returned to that closely-watched level this week, clearing 3% for the second time. The first time rates eclipsed 3% the rally in rates lasted barely a week before investors poured back into bonds pushing yields downward. A push upward in both June and late July failed to clear 3%. Rates have moved quickly in the month of September from 2.85% to 3%+ in a straight shot. This week’s rally finally did the trick, blowing past 3% and setting the stage for perhaps a run to 4%. (more…)