The 2-year Treasury yield climbed to 4.006% on Wednesday, the highest level since October 2007. The benchmark 10-year Treasurys reached 3.561% after hitting an 11-year high this week. The closely-watched spread between the two yields continues to be inverted. The higher bond yields create more competition for funds that may otherwise go into the stock market, a financial planner says. The yield curve inversions are viewed as a warning sign for a future recession.Read Long Article
