The selling of the 10-year Treasury Note (and the corresponding rise in yield) since December 31 is still just a blip, but is it a blip of things to come?
The 10-year’s yield closed yesterday’s session at roughly 2.5%. Yes, that’s still historically low, although it’s up from the 2.04% low touched last month. Noise, perhaps, although some of the noise of late sends a suspicious mind wandering.