Reported 2 months ago
US Treasury yields saw a rebound from one-year lows on Monday following comments from Chicago Fed President Austan Goolsbee that downplayed recession risks associated with July's weak job data. Economic activity in the services sector also showed signs of improvement, easing fears of an economic downturn. Meanwhile, the yield curve briefly turned positive, suggesting that traders are adjusting their outlooks for potential interest rate cuts by the Federal Reserve.
Source: YAHOO