A storm blew through the bond market. What could keep the sell-off going.
Treasury yields snapped higher Tuesday, breaking a six-week trading range and thwarting the bond market’s traditional role as a haven in times of stock market volatility. When Treasury yields move higher, prices fall. Tuesday’s jump in the 10-year Treasury yield to 4.3% broke a range that was steadily between 4.1% and 4.2%. The benchmark 10-year…