The bond market’s danger zone is becoming the new normal: Chart of the Day

Treasury yields have remained elevated, with the 30-year yield finishing above the 5% threshold for 14 consecutive trading days through Friday—the longest such period since July 2007. This milestone reflects a broader pattern, as the yield has closed above 5% a total of 29 times in the current calendar year, already exceeding the annual frequency recorded since 2007. Previously, such moves above 5% had represented temporary incursions into what Wall Street considers a danger zone, but the