WEEK AHEAD
As rising Treasury yields spook stock investors, March looms like a lion
After a frenetic February, investors are probably hoping that March holds true to its proverb: In like a lion out like a lamb.
Indeed, February turned out to be a doozy, with benchmark bond yields, represented by the 10-year Treasury note TMUBMUSD10Y, 1.430% and the 30-year long bond TMUBMUSD10Y, 1.430%, ringing up their biggest monthly surges since 2016, according to Dow Jones Market Data.
The move was a stark reminder to investors that bonds, considered mundane and straight-laced by some investors, can wreak havoc on the market all the same.