Your Economy (No Politics)

[Trader77]

Bond yields jumped to new highs today with the 2-year hitting 4.97% and the 10yr up at 4.99%. There's been a lot of buzz about 5% yields recently and today was the first time I saw any action in equities based on this prospect. Keep an eye on the Utilities here as they are getting oversold on a weekly basis. If they find support over the next few weeks then either a) bond yields are going lower or b) 5% isn't as important of a psychological level as the current talking point makes it out to be.