Reported 7 months ago
Bond traders are quickly abandoning their bullish wagers on US Treasuries before a key Federal Reserve meeting and the release of inflation data, leading to a shift in market sentiment towards higher-for-longer interest rates. The unwinding of positions comes after strong labor market data surprised traders who were anticipating a bond rally and multiple rate cuts, resulting in a more cautious approach from investors ahead of the events that will likely impact the Treasury market.
Source: YAHOO