Reported about 3 hours ago
A recent rally in US Treasuries halted after inflation data led traders to lower their expectations for Federal Reserve interest rate cuts. Although yields on shorter-dated maturities remained stable, traders shifted their stance following the release of stronger-than-expected inflation figures. The market awaits fresh data, particularly the upcoming employment report, which may further influence rate-cut likelihood. Despite some optimism for potential cuts, traders currently see a slim chance for a July reduction, focusing instead on October as a more viable timeframe for potential action.
Source: YAHOO