Analysis: Higher U. S. bond yields could impede economic recovery
NEW YORK (Reuters) – A rough couple of months in the U. S. bond market has lifted interest rates off record lows and now could impede a slow economic recovery heavily dependent on cheap money to keep going. While stocks have surged to near-record levels from five years ago, an accompanying rally in the $11. 6 trillion U. S. Treasury debt market appears to have run out of steam and bond prices have dropped steadily since early December. That has pushed up bond yields, which move in the opposite direction to prices and they are now at the highest levels since last spring. . . .
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