Bond market has fighting chance to avoid historic losing streak
A prospect that might have seemed unthinkable just a couple short weeks ago is coming into view for bond traders: The potential for US Treasuries to post an annual gain for the first time since 2020.
By Liz Capo McCormick, Michael Mackenzie and Ye Xie / Bloomberg
It’s well short of turning into ‘The Year of the Bond’ that many money managers expected entering 2023. But with this week’s remarkable about-face in the world’s biggest bond market, traders now have a sliver of hope that they can avoid an unprecedented three straight years of losses in Treasuries.
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