Bond Market Blues: Treasury Yields Soar As Mutual Funds Sweat
Key Points
- Rising interest rates and Uncle Sam's spending are causing h...
Uncle Sam's spending spree and soaring interest rates are giving mutual fund managers more headaches than a day trader during a margin call. If you thought your portfolio was having a rough time, grab some popcorn - this show's getting interesting.
Bonds Having a Bad Hair Day
The bond market's latest performance would make even a seasoned Wall Street veteran reach for the antacid. With the 10-year Treasury yield jumping to 4.6% and its 30-year cousin hitting 5.1%, fixed-income mutual funds are doing the financial equivalent of running with scissors. Thanks to the House's recent GOP budget ...
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