The Weekly Fix: 'Bonds Are Back' on High Rates, Recession Fears

Welcome to the Weekly Fix, the newsletter where bonds never went out of style. I’m Bloomberg’s chief rates correspondent, Garfield Reynolds

This week brought a slew of interest-rate increases from jumbo to regular in size. The single biggest impact came from the Federal Reserve talking about its latest decision to boost borrowing costs — and how it may soon be time to slow down. Bond investors welcomed the news with open arms — Treasury 10-year yields are down more than 35 basis points in November to well below 3.7% in the steepest monthly rally since 2020.