Reported 4 months ago
US Treasury bond yields declined after stable inflation data in April sustained predictions of a Federal Reserve interest rate cut this year. Despite upcoming economic data releases, investors expect a quarter-point Fed rate cut as early as September. The market also benefited from month-end index rebalancing and bond auctions, ending May with a 1.1% gain to counterbalance a 2.2% loss for 2024.
Source: YAHOO