Treasury Market's June Rally Bails Out Quarter and First Half
- A late-June Treasury rally erased much of the quarter's losses, with the 10-year yield pulling back sharply into the June 30 close, Bloomberg reports.
- The move reversed a sell-off earlier in Q2 that had been driven by sticky inflation, AI capex fears, and bets on a hawkish Warsh-led Fed.
- Bond bulls now claim a 'sweet spot' (ID 31) as fixed income joins equities in delivering strong first-half returns.