Rising rates seem to signal a recovery is near, but investors wonder whether they can be believed

Rising rates seem to signal a recovery is near, but investors wonder whether they can be believed

A worker uses a nail gun while installing trim in a home under construction at a Romanelli and Hughes Building Co. subdivision in Dublin, Ohio, July 9, 2020.Ty Wright | Bloomberg | Getty ImagesBonds, it would seem, are speaking the bulls' language.Treasury yields rolled to a four-month high last week, the 10-year note reaching 0.84%, as U.S. economic data continue to arrive generally better than expected and the markets anticipate further fiscal-support worth trillions either sooner or later, under this administration or the next.Bonds racked up the style points, too, in ways that Wall Street tends to read as signs of better economic growth to come. The spread between five- and 30-year Treasurys hit nearly a four-year high, and corporate debt has traded firm against the rising government rates.The gust