Reported about 21 hours ago
US Treasuries experienced a significant rally as investor concerns about an economic slowdown intensified, prompting increased expectations for Federal Reserve interest rate cuts. With yields on 10-year notes falling to 4.2%, the bond market diverged sharply from the declining US equities. Traders forecast nearly 79 basis points of easing, raising the likelihood of a Fed rate cut in May. Market analysts emphasized the growing risks to US growth and recommended moves towards intermediate Treasuries, while some remain cautious about the overall economic outlook.
Source: YAHOO