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Market Extra: Why Monday may offer a respite for stock-market investors after a bruising bond rout

U.S. stock markets are open for trade on Monday, but bond markets are closed in observance of Columbus Day.

And, perhaps, the recommended pause in fixed-income action in the U.S. couldn’t come at a better period for equity investors, after a stretch in which an acceleration in long-dated government bond yields to multiyear highs unsettled investor confidence and caused a revaluation of stock prices.

On Friday, the 10-year Treasury note yield TMUBMUSD10Y, +1.37% rose 3 basis points to a seven-year high of 3.227%, contributing to a weeklong climb of 17.1 basis points, or 0.171 percentage points, marking its most severe such advance since February.

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