NEW YORK (TheStreet) -- The U.S. 10-Year Treasury Note has been climbing higher ever since Donald Trump won the election for President last week. The 10-Year reached 2.3% on Monday, an increase up from 1.86%, the level at which it closed on election day.
The jump in the yield during that time represents the largest move of that size since 2008. The 10-Year settled around 2.22% on Monday.
CNBC's Futures Now team on the "Halftime Report" discussed whether to buy bonds moving forward on today's show.
"I would actually still be a seller of bonds because I do think yields could climb a little bit higher from where they are right now," GRZ ENERGY founder and President Anthony Grisanti said.
The rise in yields is indicative of the, to this point, smooth transition of Trump's administration and recent good economic data points.
"Right now, we are seeing all of that happen, yields could get to the point where they're attractive, but right now I think they climb a little higher," Grisanti contended.
Equity Armor Investments managing member Brian Stutland agreed with Grisanti's premise that yields will rise higher.
"Right now, money will come in and buy bonds here if we see it get up to 2.4%, but I think eventually we crack that and move higher," he said.