The 10-year yield (risk-free rate) had crossed 1.6% already.
The 10-year note price had continued its downward trend because of its inverse relationship to the yield.If you want to know the proximate cause of the spike in bond yield, please read our previous post below.
http://sg-stock.blogspot.com/2021/02/the-us-is-facing-rising-rates-pressure.html
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