The yield on the 10-year Treasury climbed to 0.69 percent from 0.68 percent late Tuesday. It has been climbing in recent weeks, up from 0.53 percent at the end of July, and it tends to move with investors’ expectations for the economy and inflation. If yields move high enough, it could rattle the stock market because higher rates can draw investors back into bonds and away from stocks. The recent ultra-low rates have helped technology and other high-growth stocks in particular. But analysts say the 10-year Treasury yield would need to get closer to 1 percent to drive real concerns.-AP

Source: The Standard August 27, 2020 03:45 UTC