US Bonds Rise as Traders Bet on at Least One Fed Cut in 2025
The US Treasury building in Washington, DC.
Photographer: Al Drago/BloombergTreasuries advanced as US economic data left intact expectations that the Federal Reserve will cut interest rates at least once in 2025.
The moves on Tuesday pushed yields lower by two to nearly seven basis points across the curve following mixed retail sales data for May and a solid auction of inflation-protected securities. The rally gathered pace later in the session, supported by risk-aversion as US stocks declined amid concerns over escalation of the Middle East conflict.