For over a year, bond traders have been whipsawed by uncertainty about how high the Federal Reserve will push interest rates.
But that’s now giving way to a growing conviction that longer-term Treasury yields have likely already peaked — and that unexpected selloffs that give yields a bit of an extra bump up look like good times to buy.
Read More : Yield Spikes Fail to Deter Bond Bulls as They Continue Buying, Ignoring Fed-Hike Noise