At the close of trading, the yield had moved up to 6.75 percent.
While yields could move higher in the short term, he says they will remain well below 5 percent.
As a result, any news that suggests yields may be moving higher can get them to sell quickly.
Prices and yields move in opposite directions from each other.
But yesterday the bond market declined as yields moved higher.
But as the stock market managed to shrug off an early loss, yields moved higher.
Treasury prices and yields move in the opposite direction from each other.
But if the data are weak, yields could move toward new lows.
With so much new debt available, yields are moving higher to attract buyers.
Bond prices and their yields move in opposite directions from each other.