Treasuries Trim June Rally as Traders Eye PCE Data Ahead
- Markets price in at least one quarter-point reduction in 2024
- The Fed’s favored inflation gauge is forecast to show an ebb
June 27: US Treasuries, Dollar Have Pockets for Demand: Nuveen
This article is for subscribers only.
Investors in the $27 trillion Treasury market are looking for signs of ebbing inflation in the Federal Reserve’s favored gauge to keep this month’s rally going.
Treasuries have soared in June as traders re-calibrated their bets on the timing of lower interest rates in the US, sending a Bloomberg gauge of US bond returns higher for a second-straight month.