Treasurys Edge Toward Stability After Selloff

U.S. government bond yields are showing signs of stabilizing near the top of their 2021 range after a bout of selling precipitated by last week’s surprisingly high inflation data.

The yield on the benchmark 10-year U.S. Treasury note settled Tuesday at 1.632%, according to Tradeweb, up slightly from 1.621% Monday after logging larger gains in the previous three sessions. It was 1.627% in recent trading Wednesday.