Reported about 6 hours ago
Treasuries experienced a rally as traders increased their bets on interest-rate cuts from the Federal Reserve, influenced by concerns over President Trump's tariff plans. The US 10-year bond yield fell to a two-month low, reflecting growing confidence in a weakening economy and potential Fed easing. Strong demand for recent two-year note auctions and signs of contraction in the services sector have fueled these expectations, as discussions continue regarding the central bank's future actions on balance sheet management.
Source: YAHOO