Reported about 5 hours ago
US government bonds experienced a significant rally following the release of favorable inflation data, which reignited expectations for further interest rate cuts by the Federal Reserve. Treasury yields fell across the board, with the 10-year yield dropping to 4.65%, marking its largest daily decline since August. Despite strong employment data, traders shifted focus back to the possibility of rate cuts, with market sentiment suggesting potential easing by July.
Source: YAHOO