Bond Traders Take Stock After Rebound in U.S. Yields Stalls Out
- 10-year yield is up from 15-month low as growth gloom lifts
- 1Q GDP may show cooling less dramatic than some had expected
This article is for subscribers only.
Bond bears have been ascendant for most of April, and now they’re looking to a key batch of data to determine whether 10-year Treasury yields’ rebound from a 15-month low has legs.
While the angst over a Chinese slowdown that drove last month’s bond rally has eased, questions linger about the global outlook as malaise in Europe persists. This week brings an update on the world’s biggest economy, with a read on first-quarter U.S. growth that’s expected to be less dire than originally predicted, though far short of a blockbuster. Reports on actual and expected inflation, both at the heart of Federal Reserve policy making now, are also on traders’ radar.