Reported 3 days ago
A rally in US Treasuries slowed as stability returned to bank shares and comments from President Trump alleviated trade uncertainties. Benchmark yields recovered after initially dropping below 4% as investors anticipated further interest rate cuts from the Federal Reserve due to a shaky job market amid a government shutdown. While economists noted a decline in unemployment claims, expectations for upcoming Fed meetings are now heightened, and bets on interest rate reductions have increased significantly.
Source: YAHOO