Bond yields dip as equity angst boosts haven demand

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Bond yields dip as equity angst boosts haven demand
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A sell-off in stock futures coincided in buying of government bonds as investors weighed the prospects for an economic slowdown and rate hikes by the Fed.

Bond yields fell on Thursday as a wobble in stock markets boosted the attractiveness of government paper.

What’s happening What’s driving markets A sell-off in stock futures coincided in buying of government bonds as investors continued to weigh the prospects for an economic slowdown, easing inflation, and the trajectory of interest rate hikes by the Federal Reserve. The central bank is expected to take its Fed funds rate target back down to 4.7% by December, according to 30-day Fed Funds futures.

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