U.S. government bond yields posted their largest weekly gain since August, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election. The yield on the benchmark 10-year Treasury note reached as high as 0.87% in early trading Friday before settling at 0.84%, according to Tradeweb—down slightly from 0.847% on Thursday. It had previously climbed for six straight sessions, reaching its highest level since early June.
Source: Wall Street Journal.
