Howard Lutnick Says Bond Market Will Stabilize and Yields Will Fall

U.S. Commerce Secretary Howard Lutnick said in an interview that the bond market will become more stable and push yields lower. According to Sina Finance, he said he was very optimistic and believed the bond market would be very favorable for the U.S., adding that it may take the next few months before yields gradually stabilize. He also said he expects yields to decline over the next six months.