U.S. Treasuries are poised for their best quarter in almost four years as bond traders push back bets on when the Federal Reserve will raise interest rates.
Fed Chair Janet Yellen’s warning Tuesday about global economic risks cut the probability of a rate boost at the April meeting to zero, with the odds indicated by futures prices not rising above 50 percent until November. While a bond rally in response to her remarks has now evaporated, Treasuries are still set for their biggest quarterly gain since June 2012.
