Treasurys Slump as Corporate Bond Deals Spike

A surge in corporate bond deals may be impacting government bond prices. In Wednesday morning trading, the yield on the 10-year Treasury was up to 2.127%, compared with 2.083% on Monday and a 52-week low of 1.67% on Feb. 2. Bond strategists say big corporate bond deals, such as Actavis’ monster $21 billion bond offering [...]