U.S. government-bond yields hit their highest levels in more than four months, following signs of progress in Washington toward a deal on a roughly $2 trillion coronavirus relief package. The yield on the benchmark 10-year U.S. Treasury note settled at 0.815%, according to Tradeweb, compared with 0.796% Tuesday. That marked its highest close since early June, just before a summer surge of coronavirus cases. …Yet powerful forces continue to suppress Treasurys yields, keeping them near historic lows. Though the economy has rebounded from its sharp contraction earlier in the year, the path of its recovery remains uncertain in the midst of the continuing coronavirus pandemic.
Source: WSJ.com: Markets
