Rates in the bond market climbed Friday, with the yield on the 10-year Treasury note BX:TMUBMUSD10Y jumping to 4.772%, its highest level since Nov. 1, 2023, according to Dow Jones Market Data.
The Dow Jones was mostly flat on Wednesday as the Fed leans into a wait-and-see stance. Markets now expect the Fed to stand pat until June at the earliest. Despite the forecast of no rate moves ...