NATIONAL

EXPLAINER: Why Rising Rates Are Unsettling Wall Street

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FILE - In this Tuesday, Feb. 16, 2021, file photo, American flags hang outside of the New York Stock Exchange in New York. Optimism for an economic revival is surging following a year of coronavirus-induced misery. But expectations for stronger growth, plus the higher inflation that could accompany it, are pushing interest rates higher, which is forcing investors to re-examine how they value every other investment. (AP Photo/Frank Franklin II, File)

(AP) — Rising expectations for the economy and inflation have caused U.S. Treasury yields to spurt higher, with the jump unsettling stock markets. These yields are the baseline off which investors try to figure out the value of everything from Apple stock to junk bonds, and their rapid rise is forcing a reassessment about how much to pay for them and every other investment. Investors pay particular attention to the 10-year Treasury note, which is back above 1.50% after starting the year around 0.90%. Thursday’s rise sent stocks on Wall Street on another slide.

 

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