Bonds Recover With Traders on US Inflation Watch: Markets Wrap
Written by Black Hot Fire Network on April 9, 2024
(Bloomberg) -- Bonds climbed, clawing back part of Monday’s slump in the buildup to US inflation figures that are crucial to the debate over when the Federal Reserve will start to cut interest rates.
Most Read from Bloomberg
Treasury yields retraced some of the sharp gains that pushed rates on the 10-year note to the highest since November in the previous session. Government debt in the UK and Germany followed suit, with yields falling across the curve.
US equity futures edged higher after Monday’s flat close on Wall Street, when trading . . .
