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Federal Reserve officials are expected to hash out how to slow, then stop, the shrinking of the central bank's balance sheet to avoid financial plumbing issues.
Bonds are being pummeled as investors fear interest rates will stay higher for longer because of high inflation. That will raise borrowing costs across the economy even more.
US stocks fell for a fourth straight day on Friday as a surge in bond yields and nervousness surrounding the ongoing conflict in the Middle East dampened the mood on Wall Street.
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.