Reported 3 months ago
The U.S. Treasury market saw a rally as expectations grew that the Federal Reserve will initiate interest rate cuts during its upcoming September meeting. Economic data indicating a softening labor market has led to reduced yields across various Treasury notes. While the Fed is anticipated to maintain current rates this week, traders are keenly watching for hints of future cuts in policymakers' statements. Recent reports show fewer job additions, adding to the belief that the central bank may soon ease borrowing costs.
Source: YAHOO