Bond Traders Await Big Data Week Catalyst to Spark Yield Swings

A week of modest gains in the $30 trillion Treasury market is setting investors up for a trio of upcoming economic releases that stand to offer further reason to price in a Federal Reserve interest-rate cut in the coming months.

Yields on short- to intermediate-dated benchmarks led the weekly move as signs of weakness in the labor market pushed traders to bet on the first reduction coming in either June or July. Yields ticked higher on Friday as stocks rebounded.