Rates Strategy at Bank of America Merrill Lynch, also sees the potential for further yield increases, stating that “we think there is a lot of room for yields to move higher, and we think they will move higher over the course of the year.”
Overall, the increase in bond yields is a signal of a strengthening economy, but it also presents challenges for investors and borrowers alike. As the market continues to monitor and react to these changes, it is important for individuals and businesses to stay informed and make strategic decisions based on their unique circumstances.