Treasury yields log largest weekly jump in 6 weeks
Treasury prices fell this week, pushing yields up by the largest amount in six weeks, after improving economic data along with a record-setting rally in equities prompted investors to sell government debt.
...Fed policy makers have shown through consistent communications that they “have a bias towards raising rates,” said Jason Browne, CIO at FundX Investment Group.
So, even though headline CPI at 1% “gives [policy makers] an excuse to wait” the current level of historically low Treasury yields “reflect an excess of pessimism on the economy,” Browne said, which suggests yields should continue to move higher in the near future.
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