US Bonds Tumble as Treasuries Post Worst Quarter Since 1994
US yields reached two-decade highs for a seventh consecutive session on Thursday, before a drop in oil prices offered some respite to a bond market that experienced its worst quarter in over two decades. Investors are bracing for further interest rate hikes.
US yields climbed to two-decade highs for a seventh straight session on Thursday before falling oil prices helped steady a bond market that had just posted its worst quarter this century, with investors bracing for higher interest rates. 1 basis points in the period.