This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller assesses the impact of higher bond yields. Sign up here and follow us at @bpolitics. Email our editors here.
What happens on Wall Street doesn’t stay on Wall Street. And that’s why the recent surge in bond yields – they briefly breached 5% today for the Treasury’s benchmark 10-year note — will have reverberations from Main Street USA to the nation’s capital.