The US bond market may be recovering after a weekslong sell-off that sent yields soaring to their highest levels in years. Yields dropped on Thursday, pulling back after the Federal Reserve's first rate hike in three years caused a fresh spike. The 10-year Treasury yield had risen back above 5% as investors priced in possible additional rate hikes, but fears seemed to subside as appetite returned to US government debt. Investors are weighing inflation concerns against the impact of higher rates.
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