A jump in US yields over recent weeks amounts to nothing less than an “earthquake” for the bond market, according to Federal Reserve Governor Christopher Waller. Yields on 10-year Treasuries have climbed more than 100 basis points since the end of July, and are consequently capturing “a tremendous amount of attention,” he said Tuesday, during remarks at a lecture about economic data. While government bonds have rallied over the past few days, easing the benchmark rate to 4.58%, 10-year yields pushed through 5% for the first time since 2007 last month. “Since the end of July, this thing has gone way up, almost a full ... (full story)