Bond Market Today: Investors Staying Close To The Front-End Of The Curve

<p>The bond market today is selling off but the 10-Year Yield is staying below its high for the year. However, short-term rates are more volatile. "Investors are trying to stay close to the front-end of the curve due to the speed and aggressiveness of the repricing. Until the Federal Reserve can explicitly commit to a terminal rate, this is the way that the bond market will behave. Labor market is too tight and wage growth, although decelerating, it is still too high," says Larry Shover.&nbsp;</p>