Posted 11/26/2023, 8:00:00 PM
Bond Market Poised for Comeback in 2024 as Inflation Eases and Rate Hikes Slow
- Bond market has recovered after a rough 2023; pathway clearing for a revival in 2024
- Inflation continuing to ease, job market cooling, commodity traders exiting bearish bets
- Growing belief Fed's rate hikes are ending; rate cuts could come in 2024
- Strategists predicting double-digit returns for bonds in 2024 amid high demand
- Shorter maturities seen as best opportunity given Fed balance sheet reduction