Long-term U.S. Treasury yields clamber higher Friday, recording their sharpest weekly rise in about six weeks, as debt prices came under pressure over worries about looming inflation as the economy recovers from the coronavirus pandemic with the aid of large amounts of fiscal and monetary stimulus.
The action this week has been centered on the bond market, not the stock market, as Treasury yields have climbed in reaction to the progress on a new stimulus package as well as the global rollout of vaccines.
Silicon Valley’s deepening descent into wealth inequality is particularly stark when comparing Big Tech with the San Francisco Bay Area’s small businesses.