Bond traders focus on the Fed’s inflation fight even amid Omicron fear
28 Nov 2021
The Omicron virus strain’s emergence sparked a dramatic Treasuries rally on Friday. Traders rushed to push back the timing of a 2022 rate hike to September from June. There was an 18-basis-point yield drop in five-year U.S. debt, which has long been a barometer of future Fed shifts, and the 10-year fell below 1.5 per cent.