- Yields on the longest-maturity Treasuries have remained elevated for an unusually long stretch, marking the weakest start to September since 2006.
- A wide budget deficit and another wave of corporate debt issuance are adding supply and duration pressure to the bond market.
- The Federal Reserve’s upcoming meeting is a key near-term risk for long-term Treasury investors.
Quotes
“Not since 2006 have yields on the longest-maturity Treasuries been this high for this long”