Bond yields climbed to their highest levels since May, which helped banks and hurt stocks that pay big dividends. Bond prices fell, and yields climbed. Scott Kimball, co-portfolio manager of the BMO TCH Core Plus Bond Fund, said investors believe that central banks will cut back on bond buying. “The largest bond buyers, the biggest bond managers in the market, have been these central banks,” Kimball said. U.S. government bond prices dropped.

Source: Los Angeles Times October 27, 2016 13:55 UTC