Bond traders demand proof of imminent Fed rate cuts due to rising yields and inflation.
Bond traders, hit by rising yields and persistent inflation, now demand proof of imminent Federal Reserve rate cuts before making further bullish bets. US yields reached their highest levels this year, leading to a wave of fresh short positions and wary investors. Weak demand for long-term bonds sold by the Treasury adds to the bearish sentiment. Investors want clear evidence supporting lower rates.
April 14, 2024
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