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StocksRecap

Bullish on bonds

Long-term U.S. government bonds are looking more attractive than they have in nearly a year.

The yield on the 10-year Treasury note climbed to 4.19% last week the highest since November.

The yield has remained above 4% so far this month.

A year ago, it was at 2 80%.

Higher yields mean bonds are paying more in interest.

They’ve been ticking higher since mid-July, as the economy has remained remarkably resilient despite much higher interest rates meant to drive down inflation After a tough 2022, when rock-bottom long-term

Savers rejoice: Surging yields make for most attractive return on 10-year US Treasury bonds in nearly a year great news for savers and fixed-income retirees yields offered meager returns, the recent surge in yields is an opportunity for fixed-income investors to lock in healthier interest rates, says Scott Wren, senior global market strategist at the Wells Fargo Investment Institute But how long will bond yields keep climbing? Wren says they will “probably” drift higher from here, but he expects the Fed’s rate hikes will slow the economy and bring inflation down enough by 2024. “When that happens, that’s kind of going to put a lid on yields,” he said. ield on the 10-year Treasury note