A turbulent week left almost no trace, and the volatility in the bond market has returned to calm

The turmoil that disrupted financial markets earlier this week has dissipated from the $30 trillion Treasury market, and traders' hopes for a rebound in volatility from historical lows have once again been dashed. On Tuesday, U.S. Treasury yields surged to their highest levels in months, but the subsequent market rebound erased most of the week's losses. Investors expect the Federal Reserve to keep interest rates unchanged next week. The yield on the 10-year Treasury is currently around 4.23%, having risen only about 1 basis point this week; the weekly fluctuation of this benchmark has not exceeded 6 basis points for seven consecutive weeks. (Bloomberg)