Pedro Nicolaci da Costa is director of communications at the Economic Policy Institute and a former fellow at the Peterson Institute for International Economics. He has been writing about economics and financial markets since 2001. While the Dow and S&P's daily gyrations steal the headlines, bonds are Wall Street's sleeping giant. What happens with Treasury notes is often a more relevant indicator of broader economic trends. Longer-dated Treasuries offer a higher yield than short-dated ones because investors demand additional compensation for risks taken over a more prolonged timeframe.

Source: CNN June 04, 2019 18:56 UTC