Treasuries, German Bonds Eye Key Milestones on March Fed Bets
- U.S. bonds on track for biggest monthly rise since March 2021
- Ten-year bund yield turns positive for first time since 2019
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Benchmark Treasury yields look poised to surge past 2%, while their German peers turned positive for the first time in years as traders lay bets on faster policy tightening from the Federal Reserve and other major central banks.
Ten-year U.S. yields traded at 1.85% on Wednesday, set for their fastest monthly increase since March 2021. Futures traders are piling into bets on further bond declines amid growing speculation the Fed will respond to rampant inflation by making its first half-percentage point increase since 2000 in March.