The Weekly Fix: Bond Pain Trade Is the Soft Landing Sinking In
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Nathan Howard/BloombergWelcome to the Weekly Fix, the triple-leveraged bond newsletter. I’m cross-asset reporter Katie Greifeld.
There’s an optimistic argument to be made for why long-dated Treasury yields are screaming higher: bond investors have gone from bracing for a recession to pricing in a soft landing.