Markets hover near two milestones: Dow 11,000 and 4 percent on the 10-year Treasury note

Stock, bond markets hover near two key milestones

Stocks and bond yields have both been on the rise recently as confidence in the economy grows. In the latest sign of recovery, two key market benchmarks are now trading very close to levels they last saw in the fall of 2008, just before the worst phase of the financial crisis erupted. Here’s a look at where things stand.

STOCKS

Where the Dow Jones industrial average stands:

— On Monday the Dow traded within just 12 points of 11,000, a level it last saw on Sept. 29, 2008.

The next threshold:

— Dow 12,000. The Dow hasn’t traded above that level since June 2008.

BONDS

Where the 10-year Treasury note stands:

— The yield on the 10-year note briefly climbed above 4 percent Monday for the first time since June. The yield, which is closely tied to consumer borrowing costs like mortgages, is now nearly as high as it was in October 2008.

The next threshold:

— A yield of 4.5 percent. The yield hasn’t been at that level since November 2007.