Bond Market Woes Keep Mounting, Spreading Pain to Stocks

Pressure on beaten-down U.S. bonds is showing few signs of relenting, driving Treasury yields to new highs and threatening further pain across financial markets.

With bond investors already confronting their worst returns in living memory, Treasury yields kept on climbing last week in response to more bad news on inflation, stubbornly strong economic-activity data and continuing turmoil in overseas markets. Yields rise when bond prices fall.

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