While a raft of key market measures joined the S&P 500 at its latest cyclical high on November 25th, there’s at least one we’d prefer not to see on that list. Last Friday marked the first time in almost three years that the S&P 500 and the U.S. 10-Year Treasury Bond Yield closed at simultaneous 52-week highs. This has been a rare event since 1981, mainly because the path of bond yields has been relentlessly down over that time.
Dec
02
2016