The actions indicate that the recovery of Covid is near. Bonds tell a different story. – The Wall Street Journal

The actions indicate that the recovery of Covid is near. Bonds tell a different story. – The Wall Street Journal

After Covid-19 vaccines proved to be effective this month, almost every corner of the market reported that a faster recovery was underway. Economically sensitive stocks, industrial metals, crude oil, the most flamboyant junk bonds: all have rebounded strongly. But not the treasures. The large US government bond market is generally very sensitive to the outlook […]

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