Inflation-adjusted yields on U.S. government bonds have tumbled over the past month, the latest sign of moderating market expectations for the Trump administration’s economic plan. So-called real yields, which subtract inflation readings from the 10-year U.S. Treasury note’s yield, have dropped to a recent 0.38% from 0.74% at their mid-December postelection peak. Real yields tend to rise with a strengthening economy, so the surge...

Source: Wall Street Journal January 15, 2017 12:00 UTC