‘More Damage To Be Done’ As Sizzling Inflation Seen Lifting Treasury Yields

Expectations of a more hawkish Federal Reserve are pushing some investors to revise how much further bond yields can rise, a potentially unwelcome development for already-battered equity and fixed income markets. The two-year U.S. Treasury yield, a bellwether for interest rate expectations, stood at 3.79% on Wednesday, putting it near its highest level since Nov. 2007…

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