Podcasts Business Investing Notes on the Week Ahead Interest Rates in an Early Spring

Interest Rates in an Early Spring

Published: Feb. 22, 2021, 3:26 p.m.

b'Long-term interest rates have risen sharply in 2021 so far, with the yield on the 10-year Treasury bond climbing from 0.93% on January 4th\\xa0to 1.34% by last Friday.\\xa0 This move is a logical reaction to better news on the pandemic, encouraging data on how the economy has weathered an early-winter surge in covid cases, and rising prospects for significant fiscal stimulus.\\xa0 However, given this positive news flow, the bond market may have under-reacted so far, suggesting that investors need to be positioned for further increases in rates as economic springtime turns to summer.'