Reported about 12 hours ago
US Treasuries are on track for a third week of increases, buoyed by economic data suggesting that the Federal Reserve is likely to cut interest rates at least twice this year. As traders focus on the upcoming jobs report, yields have dropped across maturities, pushing the yield curve steeper—typically an indicator of expected Fed rate cuts. Speculation is also fueled by potential changes in Fed leadership amid fears of economic weakness.
Source: YAHOO