Bond yields have risen to their highest levels since 2007 on fears of inflation, and surrounding the uncertainty of war in the Middle East. Joe Rennison reports in The New York Times:
Bond markets convulsed on Tuesday, pushing the rates on U.S. Treasuries to levels not seen since the global financial crisis nearly 20 years ago, as investors grew increasingly anxious about rising inflation because of the war in Iran.
The yield on the 30-year Treasury note rose to 5.18 percent on Tuesday, its highest level since 2007. Bond yields move inversely to prices.
The rising rates, which are pushing up borrowing costs for governments, homeowners and businesses, could be a critical pressure point for the Trump administration as it continues to pursue its campaign against Iran, which has pushed up oil prices worldwide.
You can see the spike in rates on my chart below.
Action Line: Are bonds part of your investment portfolio? When you want to discuss a diversified portfolio, email me at ejsmith@yoursurvivalguy.com.
