European Central Bank last-minute meeting to look at market conditions

Christine Lagarde, President of the European Central Bank. The central bank has scheduled a last-minute meeting amid rising bond yields. Daniel Roland | Afp | Getty Images The European Central Bank announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone. “They … Read more

Here’s what a 3% yield on the 10-year Treasury means for your money

d3sign | Moment | Getty Images As the yield on the 10-year US Treasury pushes ever closer to 3% – a symbolic level not seen since late 2018 – financial analysts have described how it could affect people’s finances in a number of ways. Last week, the 10-year rate hit 2.94%, its highest point in … Read more

Municipal Bonds Are Down So Much That They’re Buys Again

Text size Al Drago / Bloomberg A funny thing happened in the past week, as news emerged of inflation hitting a four-decade high. A few strategists started looking a bit more positively on bonds, or at least somewhat less negatively. March consumer prices were 8.5% above their level a year earlier, while producer prices were … Read more