June 22, 2024

Dec. 29, 2023 11:00 pm ET

A resilient U.S. economic system and cooling inflation fueled an intense year-end bond rally. Now, some suspect buyers are too sanguine in regards to the months forward.

The rally marked the newest in a collection 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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