Why Treasury Yields Are Rising Again and What to Do With Bonds Now

Bond investors dumped their long-term Treasuries as the Federal Reserve lowered interest rates this year. The yield, on the U.S. 10-year government note—a benchmark that sets interest rates on mortgages, and credit cards—rose to near 4.6% during intraday trading on Thursday. Bonds had an ugly day after the Fed cut interest rates by a quarter point on Wednesday but signaled that it is likely to lower rates less next year than officials had forecast.