1 day ago • Posted by William Ramstein
Investors bet on the economy recovering; yields rise.
Higher government spending tends to push bond prices down and yields up by boosting economic growth and inflation, making the fixed payments from bonds less attractive to investors. Returns on longer-dated bonds have struggled so far in 2021, with the 30-year Treasury down 9.4% this year as of Thursday, according to Bank of America, the worst start since 2013. - WSJ