Treasury yields declined Tuesday as US economic data left intact expectations that the Federal Reserve will cut interest rates at least once more in 2025.

The selloffs that keep flaring in the world’s bond markets are pushing yields toward key thresholds amid escalating worries about elevated inflation, tempestuous politics and swelling government debts.

The 20-year Treasury bond offered a grim warning as a selloff fueled by inflationary angst gripped global debt markets: 5% yields are already here.

Bond investors who’ve been positioning for a rally in the Treasury market are now looking for an endorsement from Thursday’s US inflation data.

A tsunami of socially conscious debt has emerged from the developing world, flooding global markets like never before with investments that claim to make the world a better place.

Two notoriously challenging debt situations are churning out some of the best dollar-bond returns in the world this month.

Emerging-market bulls who’ve benefited from moderating U.S. Treasury yields are bracing for a relapse as political risks pile up.

Emerging-market investors seem to have a lot going for them right now -- and the renewed weakness in the U.S. dollar is adding to the bullish mood.

Some risks aren’t going away any time soon for emerging markets, irrespective of the overwhelming view among investors and strategists that 2021 will be a year of continued recovery.

For all the risks of a year-end cooling-off period, emerging-market backers can’t complain about the lie of the land right now.

The world’s developing nations have yet to experience the full effects, both economic and humanitarian, of the pandemic.