Investors are in need of a silver lining after the worst selloff of Treasurys in more than four decades.
The large swings pose a challenge to investors reckoning with the highest yield levels in more than a decade.
There are signs yields may have peaked after an epic rout.
Meeting-dated swaps now show about a 60% chance the Fed will stay on hold in December.
The rout in Treasurys has sent shockwaves through the global bond market in recent months.
The optimism many corporate-bond investors had at the start of 2023 has been shattered.
The measure of how much long-term bond investors are compensated had reached a generational low in 2020, partly due to declining inflation.
Bullish investors think the worst of the Treasury rout is probably done.
Yields on 30-year Treasurys climbed above their five-year peers Thursday for the first time since June.
The yield on 30-year securities has climbed almost 25 basis points over the past three sessions.
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