U.S. government-bond yields have staged a significant rebound this month, reflecting elevated optimism amongst traders concerning the near-term financial outlook.
Yields, which rise when bond costs fall, stay under their peaks set in June, when traders had been most involved about runaway inflation. However they’re additionally now nicely above their recent lows, when analysts had been hotly debating whether or not the U.S. was already in, or getting into, a recession.
