Treasuries Rise to Erase 2023 Losses as Fed Cut Bets Blossom
- Volatile year saw $26 trillion market swing from gains to loss
- Rally eases concerns of a third-straight year of declines
The US Treasury building in Washington, DC.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
US Treasuries have erased this year’s losses as slowing inflation and signs of a weaker labor market fuel bets on Federal Reserve interest-rate cuts.
The Bloomberg US Treasury Index rose 0.2% on Monday and is now back about where it ended 2022, erasing losses of as much as 3.3% earlier this year.