Bond Rally of 2025 Faces New Data Vacuum as Waiting Game Begins
A pedestrians passes the US Treasury building in Washington.
Photographer: Samuel Corum/BloombergThe rally that powered the US bond market toward its best year since 2020 has now left investors in suspense to see whether Treasuries can hold their impressive gains.
US 10-year yields declined last week, sending the benchmark back toward 4% as spasms in stocks and crypto sparked demand for bonds. Fresh commentary from John Williams, the president of the Federal Reserve Bank of New York, added to the bid, reviving expectations for an interest-rate cut next month.