Treasury yields going against predictions

Singapore

THE Federal Reserve is getting ready to raise interest rates - and Treasury yields are surprising analysts by falling.

This is turning out to be a year that few predicted in the world's biggest bond market. In January, a Bloomberg survey of economists projected yields would climb through the course of 2015 as the Fed ended its zero-rate policy. Instead, the benchmark yield is declining as investors question how quickly the central bank can move against a backdrop of slow inflation and a stuttering global economy.