U.S. government bonds are off to a hot start in 2022 as some of the yields have climbed to fresh 52-week highs. The yield on the benchmark 10-year Treasury note has risen to around 1.77 percent. The 2-year yield rallied to about 0.94 percent, while the 30-year bond topped 2.09 percent. A weak December jobs report, which saw the U.S. economy adding a less-than-expected 199,000 jobs, and the prospect of multiple interest rate hikes this year have contributed to the recent gains in Treasury yields. In addition, investors digested the minutes from last month’s Federal Open Market Committee (FOMC), revealing that officials are prepared to aggressively curtail the central bank’s pandemic-era quantitative easing support and stimulus tools amid rampant price inflation. The bond market will be combing through the remarks of Federal Reserve Chair Jerome Powell and his testimony in front of the Senate. In prepared comments published before the …
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