A bond selloff is rocking the world

(Image: Getty)

Tue, 14 Jan 2025

By Jon SindreuWall Street is really worried about bonds. It might be time to buy some.On Friday, a jobs report that blew past expectations pushed yields on 10-year Treasurys to 4.772%, the highest close since Nov 1, 2023, and those on 30-year paper to 4.962%. What is spooking markets, however, is that much of the recent rise in yields doesn’t appear to reflect expectations of stronger economic growth. Rather, it might be the result of investors applying a higher discount or “term premium” to hold long-term bonds, estimate...

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