Traders Lock In Fed Bets, Boosting Treasuries for Fourth Week
Flyers on a table during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US.
Photographer: Lauren Petracca/BloombergTreasuries logged a fourth week of gains after economic data cemented expectations the Federal Reserve will cut interest rates next week.
A modest selloff in US trading on Friday only slightly eroded the week’s advance, which pushed the 10-year note’s yield below 4% for the first time since April and the five-year note’s yield to within a basis point of its lowest level this year.