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Money Managers Starting to Eye Treasury Bonds Again With Yields Spiking

  • Short-term yields at multiyear highs luring BlackRock, Amundi
  • Beaten down bonds looking more attractive relative to stocks
The U.S. Treasury Department building in Washington, D.C.

The U.S. Treasury Department building in Washington, D.C.

Photographer: Stefani Reynolds/Bloomberg

A ray of light shimmering through another dark day on Wall Street: Treasury yields at decade highs are now tempting big money managers from BlackRock Inc. to Amundi on the conviction that the asset class will deliver the hedging goods in the next downturn.

That tentative shift in the investment landscape may soon offer respite for traders rocked by the historic selloff in the world’s largest bond market this year.