On the eve of the US Treasury's major treasury bond auction and the Federal Reserve's decision, US bond yields hovered near multi-month highs, and the market discussed rising maturity premiums and policy credibility. J.P. Morgan strategists pointed out that mitigating the risk of recession is one of the factors that keep US long-term yields high.

On the eve of the US Treasury's major treasury bond auction and the Federal Reserve's decision, US bond yields hovered near multi-month highs, and the market discussed rising maturity premiums and policy credibility. J.P. Morgan strategists pointed out that mitigating the risk of recession is one of the factors that keep US long-term yields high.