Rates Just Blew Past a 19-Year High — Here’s the Move I’m Making With My Cash

The 30-year Treasury bond just hit about 5.35% — its highest level since June 2007. Back when the iPhone was brand new and the housing bubble hadn’t popped yet. Something big is happening in the bond market, and almost nobody outside of Wall Street has noticed. The 10-year Treasury note, the one that quietly sets the price of your mortgage, closed around 4.96% today. That’s the highest since…