Banking Turmoil

Rebound in Treasury Yields Fueled by Resilient Growth, Inflation

Yield on 10-year Treasury note has topped 3.6%, highest since March

The inverted Treasury yield curve is hitting extreme new levels. But paradoxically, it might be suggesting that investors are both more worried about a recession and less worried. WSJ’s Dion Rabouin explains. Illustration: David Fang

Yields on U.S. Treasurys have climbed to their highest levels since the week that Silicon Valley Bank collapsed, highlighting a rebound in investors’ expectations for economic growth and inflation.

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