https://halyardmgmt.com/wp-content/uploads/2021/03/Fotolia_27320897_M.jpg 1123 1691 halyard https://halyardmgmt.com/wp-content/uploads/2021/04/imageedit_11_9456000426-300x101.png halyard2021-05-18 17:50:292021-10-19 15:21:13April 2021 – Monthly Commentary
April 2021 – Monthly Commentary
After three consecutive months of rising 10-year interest rates, the benchmark note yield drifted lower in April ending the month at 1.62%. To put that into perspective, the 10-year rate bottomed last summer at 0.50%. The move higher has been driven by the easing of COVID-related restrictions, the resultant strong rebound in economic activity, excessively easy monetary policy and the concern that the fiscal stimulus passed by Washington will result in higher inflation.