Bond Traders Glimpse Yields’ Liftoff Potential as Economy Wakens
- Treasuries curve ends month near the steepest since March
- Labor data this week may show jobless rate approaching 20%
A pedestrian wears a protective mask while crossing the street in Washington, D.C., on May 29.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Investors in the world’s biggest bond market are starting to see what the other side of America’s worst-ever economic downturn could mean for their portfolios.
With more U.S. regions gradually reopening and investor sentiment picking up, the Treasuries yield curve from 5 to 30 years ended May close to the steepest since the height of the virus-fueled market panic more than two months ago.