Biggest Bond Rally in a Year Stalls With Short Wagers Washed Out

(Bloomberg) — The most torrid Treasuries rally in a year is likely set for a breather as traders reassess their rush to abandon reflation bets with some potentially decisive events looming in the coming days.The 10-year yield, a benchmark for global borrowing costs, tumbled almost 20 basis points over the past two weeks, to 1.36%, in part as the rise of dangerous Covid-19 variants fueled an unwinding of short positions. It’s been a stunning stretch for a market that was flirting with a 2% yield
— Read on ca.finance.yahoo.com/news/biggest-bond-rally-stalls-short-200000372.html