Treasury Volatility Returns as Ten-Year Tops 4.59 Percent
The ten-year Treasury yield climbed 3.00% to 4.59% on Friday, marking the highest close in three weeks and confirming that the March–April bond rally has fully unwound. The VIX jumped 6.78% to 18.43, and equity markets wobbled—the S&P 500 fell 0.48%, the Nasdaq 0.67%—but it was the fixed-income selloff that carried the clearest macro signal. … Read more