10-11-2020 18:20 via uk.finance.yahoo.com

Analysis: Will this time be different? Investors question the Treasury yield surge

A spurt higher in Treasury yields has investors wondering whether this time, the momentum will keep going.Investors rotated out of Treasuries, a popular safe-haven asset, and into sectors that could benefit from an economic upswing such as bank stocks and high-yield credit after Pfizer Inc said on Monday its experimental COVID-19 vaccine was more than 90% effective.Previous moves higher in yields, however, have petered out as the Federal Reserve's near-zero interest rate policy has kept Treasury
Read more »