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Analysis: U.S. bond managers say market has overshot, yields too low


Analysis: U.S. bond managers say market has overshot, yields too low
Reuters
16 hrs ago
By Kate Duguid
© Reuters/Dado Ruvic
FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken
By Kate Duguid
NEW YORK (Reuters) - Investors at some of the largest U.S. asset managers are holding fast to the view that bond yields will move higher in the second half of this year, despite the recent slide in Treasury yields, which they see as a temporary move.
An unwind of short bets against Treasury debt as well as growing concerns about the recovery of the U.S labor market and the spread of the Delta variant of the coronavirus has pushed down longer-dated U.S. government bond yields. The benchmark 10-year yield hit 1.296% on Wednesday and the 30-year yield fell to 1.918%, the lowest since February for both. ....

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