Analysis: Dangerous 'Inflection Point' Nears on Treasury Yields

Investors may be nearing a point where their usual safety play stops working, writes Simon White of Bloomberg News. His analysis focuses on 10-year Treasury yields, which have climbed above 5%. "Lines in the sand are often a little too neat for reality, but when it comes to Treasuries there has been a stark change in regime when 10-year yields go much above 5.25%," he writes. Historically, once yields clear that level, Treasuries tend to stop offsetting stock declines and instead move in the same direction—meaning bonds can amplify, not soften, equity losses. Read his full analysis on the looming "inflection point."

A separate analysis at CNN looks at how Treasury Secretary Scott Bessent's controversial intervention in the bond market seems to have backfired. "Early last year, Bessent said he wanted to lower the all-important 10-year yield below 4%," writes Matt Egan. "Instead, the opposite has happened." Bessent remains publicly confident, all but daring traders to bet against his strategy. "It's unwise," says Douglas Holtz-Eakin, an economist under President George W. Bush. "You don't bait people like that. It's not a good move."