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Strategist points to supply, demand shifts behind sticky long yields
The strategist links higher long-duration bond rates to weaker demand for duration, rising supply, and policy uncertainty.
MarketWatch reports that a strategist expects elevated bond yields to persist, arguing that investors are demanding higher rates when they buy long-duration bonds.
The outlet says the shift reflects reduced demand for duration, higher bond supply, and what it characterizes as policy uncertainty.
In that view, the combination of structural supply and demand factors plus changing expectations around policy makes it harder for long-term yields to fall back quickly.