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Market Extra: U.S. bonds wrap up worst year on record. Here’s what may be in store for 2023.

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U.S. bonds are coming off their worst year in almost a half-century of record-keeping and look poised for a better performance in 2023, according to strategists and asset managers.Inflation is finally showing demonstrable signs of easing based on November’s and October’s softer-than-expected consumer-index reports — giving Federal Reserve policy makers the chance to switch to less-aggressive rate hikes next year and pause if needed. Forecasters see the 10-year rate ending next year at around 3.5%, roughly where it stood on Wednesday, after taking a brief trip toward 4% during the first quarter. That would mark an attractive…

Bond Report: Treasury yields advance after Fed signals more tightening is coming in 2023

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