The Runway Toward Higher Treasury Yields Looks Free and Clear
- 10-year Treasury yields are the highest in about a year
- Fed officials seem unfazed so far; Powell appearance is ahead
This article is for subscribers only.
The obstacles to higher yields in the world’s biggest debt market are slowly melting away.
Bond bears appear to be having more than just a moment here at the start of 2021, with Treasury yields finally busting out of long-held ranges to levels last seen in the early days of the pandemic. Most Wall Street analysts see yields gliding even higher, given the vaccine rollout, and the prospect of business reopenings and additional fiscal stimulus.