US Yields Flirting With 2007 Highs Entice and Divide Investors

The yield on 10-year Treasury notes has been flirting with levels not seen since before the global financial crisis, raising concerns among investors about where yields might go from here. On Friday, the benchmark U.S. bond’s yield was hovering around 3.51%, a level last seen in July 2007, just as the world economy began its slide into recession. The yield on two-year Treasury notes, which tend to move more with expectations about future monetary policy, rose above 4.6% for the first time since 2007. The rise in yields is part of a broader global trend, driven by central banks around the wor…