Bonds’ Descent Stalls Amid Stock Turmoil

Treasury yields stabilize as investors worry about an economic slowdown and seek safe assets

A stock-market drubbing that had the S&P 500 flirting with bear-market levels last week is driving investors to the relative safety of government debt, stalling the worst bond rout in decades.

U.S. Treasury yields, which rise when bond prices fall, have slid from multiyear highs in recent sessions, offering a reprieve for bond investors, who have been pummeled for months by escalating interest-rate expectations.