FILE PHOTO: A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo
New York: The US bond market is finally showing signs of steadying after a two-month sell-off, with investors starting to swoop in whenever yields test new peaks.
Donald Trump’s presidential victory, stubbornly elevated inflation and a steady drumbeat of strong economic data have pushed 10-year Treasury yields up sharply since mid-September – and there’s no clear consensus of where they’re likely to go.
