Reported 7 months ago
The $27 trillion U.S. government-debt market saw the 10-year Treasury yield drop to an 11-week low of 4.212% after a week of trading influenced by reports of lower consumer and producer prices. BofA Securities strategists anticipate the 10-year Treasury yield trading between 4% to 4.5% and recommend investors to ‘buy on dips.’ Traders are readjusting interest rate expectations, with fed-funds futures now pricing in a 61.4% chance of a rate cut by September and a 72.5% chance of at least two cuts by year-end. The bond market has rallied for four consecutive days, leading to declines in 2-, 10-, and 30-year Treasury yields.
Source: YAHOO