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US Bond Yields Stabilize as Equities Rebound

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US bond yields have indicated a possible stabilization in the past days, in line with the rebound in stock markets.

Source: WSJ

The benchmark 10-year US Treasury yields closed at 1.780% on Monday, marking a 1.496% increase from the end of December 2021. This is down from 1.866% on January 18 and 1.806% on January 26.

The growth comes after Federal Chairman Jerome Powell last week said he did not rule out taking steps to address the inflationary uptick, such as consecutive rate hikes or a 50 basis point increase at a single meeting.

The stabilization in the yields comes as stocks have rebounded, with the Nasdaq Composite Index up 6.6% in the past two days. The yields, however, could hit growth stocks as investors could be more secure with Treasuries.

Fixed-income portfolio managers believe there is not enough evidence to the point of the post-pandemic world much different pre-pandemic.

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