Wagers on Fed Rate Cuts Seal Treasuries’ Best Week in Months

Bloomberg Wagers that slowing inflation will allow the Federal Reserve to cut interest rates at least twice this year drove Treasury yields to their lowest levels of the year, adding to the biggest weekly gain in months. Yields across maturities declined by at least three basis points Friday, led by shorter-maturity tenors that are most sensitive to Fed rate changes. The two-year note’s fell as much as six basis points to about 3.4%, the lowest since October and its lowest closing level since 2022. Longe ...