Key Highlights
- The benchmark 10-year is important because it affects lending rates on business and consumer loans like mortgages.
- It is also closely watched in the stock market, where higher yields make investors nervous.
- By afternoon in the U. S.
- session, the bond market was somewhat calmer.
- But strategists say there is potential for a lot more volatility in the near term, given the unusual brew of economic, geopolitical, fiscal, and Federal Reserve-related events hanging over the market.
