(Bloomberg) -- U.S. 10-year Treasuries gained the most since early March as traders raised bets the Federal Reserve may cut interest rates this year amid easing inflation pressures.
Treasuries snapped four weeks of losses as a government report on April 17 showed prices excluding energy and food rose less than economists forecast last month. Separate data showed manufacturing stalled and claims for unemployment benefits were more than analysts predicted, suggesting a softer economy.
Read more at Bloomberg Bonds News
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