“Bond Market Rally Defies Typical Playbook as US GDP Hits 5-Year High | Nova Global News” — what this page in the network covers. economy grew at its fastest pace in more than five years during the third quarter, according to the Commerce Department's first estimate of gross domestic product. But that robust expansion didn't stop Treasury bonds from staging a surprise rally in October, a move that runs counter to the economy grew at its fastest pace in more than five years during the third quarter, according to the Commerce Department's first estimate of gross domestic product.
But that robust expansion didn't stop Treasury bonds from staging a surprise rally in October, a move that runs counter to the usual relationship between strong growth and falling bond prices. Investors typically expect yields to rise—and prices to fall—when the economy is firing on all cylinders, yet the bond market moved in the opposite direction, leaving many on Wall Street scratching their heads. The full version stays on the original page, which this listing opens directly.