Wall Street strategists see value in bonds after yield surge

Wall Street: Wall Street refers broadly to the U.S. financial industry, including investment banks, asset managers, brokerages, and market strategists. In this news, Wall Street strategists are reassessing Treasury bonds after a sharp selloff pushed long-term yields to multi-year highs, making duration appear more attractive to some investors. Duration risk: The recent repricing has increased the compensation investors demand for holding longer-term Treasuries, reflecting greater uncertainty around fiscal policy and the economic outlook. Investment outlook: Some strategists now view elevated bond yields as an opportunity to lock in higher income, while still warning that longer-maturity bonds remain exposed to further rate increases. Bond-market conditions: U.S. Treasury yields recently reached their highest levels in decades amid fiscal, geopolitical, inflation, and supply concerns.