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What It Means For The Market That The U.S. 10-year Government Bond Yield Hit 3%

TedTed
in The Bullpen
FYI: By now, the average investor has heard that the U.S. 10-year government bond yield hit 3% early Tuesday for the first time in about four years.

So, what does that mean? Is it just a psychological barrier or a key threshold that could augur ill for the broader market?

There are a number of ways to think about the recent development. However, here’s what may be behind the rise in the benchmark yield, which is used as a barometer for borrowing costs for everything from car loans and home mortgages to corporate debt.
Regards,
Ted
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