New York (CNN Business)Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond market and inflation.
Investors are starting to worry that the economy may heat up too much, and that inflation will make an unwelcome return.
That has led to some notable volatility in the bond market lately. The US 10-year Treasury yield is now at around 1.44% after briefly spiking to 1.61% on Thursday, the highest level since before the pandemic sent rates plunging last spring. (Stocks surged Monday, though, as bond yields pulled back a bit from last week's levels.)
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