Selloff in Long-Maturity Treasuries Squeezes Recession Wagers.

Instead, resilient economic data and better-than-forecast earnings are persuading traders the Fed will tame inflation without a severe slowdown, leading them to demand higher yields to own longer maturities. (Bloomberg) -- The Treasury yield curve has steepened this week, but the shift is unnerving investors as it comes through a painful selloff in longer bonds rather than the rally in shorter debt most expected. [Extracted from the article]