Investors remain cool to increase in Treasury yields
from Pensions & Investments
Yields on 10-year U.S. Treasuries hit a 2016 high in the days following the U.S. presidential election, but asset owners won't be boosting bond allocations just yet. Their reasoning: It's unclear whether higher yields are here to stay. The 10-year U.S. Treasury yields surged 40 basis points in the week ended Nov. 18 to 2.3 percent, rising to close at 2.35 percent on Nov. 23, the highest level this year, as markets evaluated the impact of U.S. President-elect Donald J. Trump's upset and expectations of rising interest rates and inflation.
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