Bonds Keep Steady, Yields No Longer Dropping Substantially

Bonds Keep Steady, Yields No Longer Dropping Substantially

As stocks continue to sell off, investors can find some solace in the Treasury market for the moment.

After marking the largest weekly decline in 8 months, the yield on the 10-year note rose to 4.026% Monday morning. The reversal suggests that bond prices are stabilizing, following a big rise last week. Yields and prices move inversely.

This is happening while the equity market is getting hammered. The S&P 500 is nearing bear market territory, which would be a 20% decline from its last peak on Feb. 19.