The value of the benchmark 10-year Treasury note is down, amid signs the U.S. economy is gathering strength. The yield is up to 2.14 percent, and 30-year mortgage rates are inching close to 4 percent, the highest in a year.
The SEC meets with experts Tuesday about the alleged conflicts of interest in the bond-rating industry, after delaying new rules to deal with the issue.
The value of the Japanese yen fell to its lowest level in four years after a huge monetary stimulus package was unveiled last week, and the effects of the stimulus are starting to be felt far away from Japan.
Japan is fed up with deflation and a sluggish economy, and its central bank is getting aggressive. Today, the Bank of Japan launched a sweeping bond-buying program to pump money into the economy.
Many school districts around the country are making use of capital appreciation bonds, long-term bonds that can put them into debt for far more than they initially borrowed.