Bonds
Treasuries Are a Whisker Away From Erasing This Year’s Loss
- US Treasury gauge was down as much as 3.4% for 2024 in April
- GSFM strategists says US government bond yields have peaked
The US Department of Treasury in Washington, DC.
Photographer: Mandel Ngan/AFP/Getty ImagesThis article is for subscribers only.
US Treasuries are on the brink of breaking even during a roller-coaster first half of the year.
A Bloomberg gauge of returns in the world’s biggest bond market was down just 0.1% in 2024 through Tuesday after having lost as much as 3.4% for the year in April. The loss may endure for at least another day, however. Yields climbed as US markets reopened after a holiday despite weaker-than-anticipated housing starts data for May.