Weekly Strategy Perspectives: Tuning into the 10-Year

“Here’s the message from the bond market: keep your shirt on.”
– Joy Wiltermuth, writing for MarketWatch, February 9, 2025

The Through Line: Equity markets are often the first place investors look for hints as to how a breaking news item will be perceived. Yet bond markets can serve as a more insightful gauge to measure an event’s potential impact on economic outcomes. Watching the yield and price movements of intermediate‑term bonds such as the U.S. 10‑year Treasury note, for example, can offer keen insights into how impactful the nation’s creditors believe various happenings may ultimately be.

To read the full report, click here. 

BMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. Banking services are offered through Bank of Montreal. Investment management, wealth planning, tax planning, philanthropy planning services are offered through BMO Nesbitt Burns Inc. and BMO Private Investment Counsel Inc. If you are already a client of BMO Nesbitt Burns Inc., please contact your Investment Advisor for more information. Estate, trust, and custodial services are offered through BMO Trust Company. BMO Private Wealth legal entities do not offer tax advice. BMO Trust Company and BMO Bank of Montreal are Members of CDIC.

^® Registered trademark of Bank of Montreal, used under license.