Bond Prices Climb

Treasuries rally on easing prospects amid weaker consumer confidence data

Expectations of an imminent Fed easing fueled a strong rally in Treasuries Tuesday amid some wide gyrations in the yield curve that left the long bond up over one point on the day. Treasuries opened firmly with the short end outperforming on speculation that Fed might cut rates on a weak consumer confidence report.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.