Treasuries Rise as Traders Stick to Bets on September Rate Cut

Treasuries broke a three-day slide as traders stuck with wagers on interest rate cuts as soon as next month ahead of a speech from Federal Reserve Chair Jerome Powell.

Yields fell one to four basis points across tenors with the benchmark 10 year’s dropping to 4.30%. That snapped a selloff that began Thursday when a reading of wholesale inflation jumped the most in three years.