Treasuries at Risk as Fed Paves the Way for a Breakout in Yields
- Benchmark yields busted out of range hampering them for months
- Hawkish tilt from Fed and Bank of England means more to come
This article is for subscribers only.
Traffic on the road to higher Treasury yields appears finally to be clearing up as central banks edge closer to ending emergency pandemic policies.
After getting stuck for months, 10-year Treasury yields broke through the top of a range that’s held since mid-July, surpassing 1.40% and ending the week at 1.45%. That’s up from the 2021 low of 1.13% set in August.