U.S. Bond Yields Driven by Belief in More Robust Recovery
A magnifying glass is held over a 50 subject one dollar note sheet after being printed by an intaglio printing press in this arranged photograph at the U.S. Bureau of Engraving and Printing in Washington, D.C. (Photographer: Andrew Harrer/Bloomberg)

U.S. Bond Yields Driven by Belief in More Robust Recovery

U.S. Bond Yields Driven by Belief in More Robust Recovery

A pronounced rise in U.S. bond yields is sending ripples across global markets. Bloomberg Economics’ model suggests the main driver is market expectations of a more robust U.S. recovery. Investors’ belief that the Federal Reserve will accommodate rather than lean against the rise is an important secondary factor.

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