Rate-Cut Bets Locked, Treasuries Traders Focus on Fed Signals

Investors in the US Treasuries market, confident the Federal Reserve will deliver another interest-rate cut this week, are turning their attention to what policymakers signal about the path ahead.

Officials are expected to reduce borrowing costs by a quarter point at the conclusion of a two-day meeting on Wednesday, the second-consecutive cut in a cycle that has helped drive a rally in the US bond market.