Bond Selloff Linked to Worries About Rates, War, U.S. Growth
Dow Jones09-24 21:50
0950 ET - The bond selloff "likely highlights that investors are not yet comfortable owning bonds," BofA Securities' Yuri Seliger and Sohyun Marie Lee say in a note. They argue that indications of robust U.S. economic growth "should not be a huge surprise" and the selloff highlights unease among investors with "the environment of a Fed restarting the hiking cycle, continued conflict in the Middle East, and a resilient US economy and consumer." Yields ease from record levels but remain elevated. The 10-year is at 5.096% and the two-year at 4.843%.
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