The stock market may be open for normal hours on New Year’s Eve, but the U.S. bond market wrapped up at 2 p.m. ET. The yield on the 2-year Treasury note rose to 3.47%. For the full year, the yield ...

In general, we saw yields come down in all asset classes except the long end of the market. Indeed, the 10-year Treasury yield, which ended last year at 4.57%, rose to 4.80% in mid-January before the ...