Bonds Open 2023 With a Rally


U.S. Treasurys are off to a solid start in 2023, providing a glimmer of hope to investors recovering from a historically terrible year for bonds. 

Treasury yields, which fall when bond prices rise, logged sizable declines in the first week of the year.

The moves were aided first by encouraging inflation readings in Europe, and then by separate U.S. economic reports on Friday that showed a smaller-than-expected increase in average hourly earnings for workers and a surprisingly soft reading on service-sector activity.

WSJ 8 January 2023


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