Up to date Dec. 30, 2023 12:10 am ET
A resilient U.S. financial system and cooling inflation fueled an intense year-end bond rally. Now, some suspect traders are too sanguine in regards to the months forward.
The rally marked the newest in a sequence of swings that despatched the yield on the 10-year U.S. Treasury, which falls when bond costs rise, leaping and diving all through the previous 12 months. Fears of a chronic stretch of upper rates of interest repeatedly drove the yield to decade-plus highs, just for stress on the banking system and a Federal Reserve pivot to tug it down once more.
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