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Treasury selloff linked to rising yields appears to be easing
The Treasury drawdown is spreading to mortgage and other debt markets, but Wall Street expects the cycle to be nearing an end as yields stabilize.
WSJ Markets reports that higher yields have moved beyond Treasurys, pushing pressure into mortgage bonds and other parts of the debt market.
That spillover, in turn, intensified the selloff in Treasurys, creating a feedback loop across fixed-income segments.
According to Wall Street's view as described by WSJ Markets, the process is starting to peter out, suggesting the battered bond market may be getting a reprieve.