Bond Market Volatility Rattles Investors Ahead of Fed Meeting.

The recent plunge in bond yields has been a boon for US equities, particularly tech and other large growth stocks, whose relatively strong performance helped support the benchmark S&P 500. The near-term trajectory of yields will likely hinge on next week's Federal Reserve meeting. Signs that the central bank may prioritize financial stability and slow or pause its rate increases could pull yields even lower. Conversely, yields could rebound if the Fed signals that bringing down inflation will continue to be job one.