Reported about 11 hours ago
US Treasury bonds experienced a slight dip as discussions about tax cuts intensified, with market traders increasingly betting on a significant market rally. The recent approval of a budget blueprint by House Republicans may potentially increase the national deficit by $3 trillion over the next decade. Financial analysts are forecasting a possible economic slowdown, influenced by the tariffs imposed by former President Trump, prompting traders to adjust their positions to prepare for lower yields. Notably, bullish positions have been observed as traders anticipate interest rate cuts from the Federal Reserve in the coming months.
Source: YAHOO