Reported about 1 year ago
US bond market climbed after a $22 billion Treasury sale saw strong demand, fueling a rally due to bets that the Federal Reserve will cut rates this year amidst signs of disinflation. Treasuries soared, 10-year yields approached their lowest since March, and an auction of 30-year debt had high demand. Stocks struggled near all-time highs amid political risk in France. Producer price index unexpectedly declined, showing inflationary pressures are decreasing, while jobless claims increased. Fed swaps indicate expectations of nearly 50 basis points of easing in 2024, and the S&P 500 and Stoxx Europe 600 Index faced fluctuations amid the news.
Source: YAHOO