Treasuries Fall After March Jobs Data Reduces Bets on Fed Rate Cut
Bloomberg.com • • general
Key Points:
- Bond traders are now betting that the Federal Reserve will keep interest rates steady throughout this year, influenced by signs of a stabilizing US labor market and uncertainty from the Middle East conflict.
- Treasury yields rose by three to four basis points on Friday following stronger-than-expected March employment data, causing bond prices to fall.
- Market participants have largely abandoned expectations of Federal Reserve rate cuts in 2024 and have also reduced bets on rate reductions in 2027.
