Wall Street Is Buying Treasuries Again in Bet Worst Is Over
- 10-year yield hasn’t breached 3.25% for more than a decade
- ‘Beaten up and bloody,’ but seeing a chance to wade back in
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Across Wall Street, from BlackRock Inc. to T. Rowe Price Group Inc., some veterans of the bond market’s booms and busts are seeing signs that it’s safe to start buying again.
Few are eager to call the bottom just yet, not with inflation still surging at a four-decade high and the Federal Reserve only at the early stages of an aggressive cycle of monetary policy tightening to contain it.