The escalating war with Iran and rising energy costs helped push up borrowing costs across the U.S. economy last week. Stocks largely yawned.
Why it matters: It suggests that investors think it will take more than higher interest rates to slow the engine powering much of the market.
The latest: The yield on the 10-year U.S. Treasury climbed to 4.97% Friday, near 2007 levels. A month ago, it was at 4.69%.
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