Reported about 1 year ago
Traders are showing confidence in a potential surge in US Treasuries by placing bets on a bullish trade following last week's inflation data and Federal Reserve decision. Investors are optimistic about a bond market rally with expectations of two quarter-point rate reductions in 2024, driven by economic indicators favoring lower US interest rates. The market is witnessing a resurgence in demand for futures contracts and increased momentum in the cash market, buoyed by a shift in positioning indicators and rising open interest.
Source: YAHOO