Visits: 5
U.S. government debt yields added to the week’s steep losses on Friday as bond traders lost confidence in the strength of the U.S. and global economies just days after the Federal Reserve downgraded its own forecast.
The Friday moves add to steep losses on the week for U.S. Treasury yields. The 10-year rate is on track to finish the week about 13 basis points below where it traded on Monday. The 30-year yield is down about 10 basis over the same period.
Bond traders said the sizable move in Treasury yields shows both how much inflation expectations and economic growth expectations have receded over the past six months.