Good morning.

The yield watch continues as the 10-year US Treasury tops 4.80% and the 30-year approaches 5.30%. The higher and longer yields persist, the more markets will be inclined to worry about interest rate risk turning into credit risk. (Bloomberg charts below.) #economy #markets #bonds #yields — via @elerianm

10-year Treasury tops 4.80%, 30-year nears 5.30%, signaling rate risk turning to credit risk.