USA TODAY: …Interest rates are starting their push higher to more normal levels after falling to historic lows in the aftermath of the 2008 financial crisis.
The benchmark 10-year Treasury note, which hit a 2013 low of 1.63% in early May, closed at 2.99% Thursday. It briefly ticked above 3% Thursday for the first time since September. The yield has not closed above 3% since July 25, 2011, according to Yahoo Finance…
So far, stock investors have shrugged off rising rates, preferring to focus on the positives related to a stronger economy. Wall Street has also been soothed by comments from the Fed that they will remain supportive of markets with their policies, despite its move to start reducing stimulus. After Thursday’s 122-point gain to a record close of 16,479.88, the Dow Jones industrial average is riding a six-session winning streak. The Dow notched its 50th record close of the year Thursday… (more)
