The fixed-income market is in shock, and U.S. bond yields rebound☕
Yesterday, the fixed income market experienced another sharp decline. U.S. Treasuries had a particularly volatile trading day. Yields rebounded slightly in early trading. British and German government bond auctions also performed very well. However, after the release of durable goods order data, U.S. Treasuries gave up all their gains in one fell swoop, with yields soaring nearly 15 basis points from their lows.
