Treasurys See Hoped-For Rally Fizzle in Another Lagging Year

What You Need To Know

• It marks the fourth straight year of rising yields, the longest such stretch since 1981.
• The poor performance is due to a resilient economy that forced investors to abandon aggressive bets on monetary easing.
• Investors are now betting that the Fed will slow down the pace of easing next year after lowering rates for the past three consecutive meetings.