Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33%

Inside Mortgage Finance, June 13, 2022–Paul Muolo
The yield on the benchmark 10-year Treasury reached a new 52-week high of 3.33% briefly before simmering down ever so slightly. The reason behind the stock market carnage: inflation fears, with $5.05-a-gallon (on average) gasoline prices playing a starring role.