Posted 3/15/2024, 5:56:56 PM
Treasuries Sink, Traders Bet on July Fed Rate Cut Amid High Inflation and Questions on Future Policy Path
- US Treasuries declined, leaving 10-year notes on track for their worst week this year
- Traders pushed back bets on timing of first Fed rate cut to July meeting
- Reports showed inflation remains high, fueling debate on degree of Fed easing
- Some strategists question how low Fed's long-run policy rate will ultimately go
- JPMorgan updated 2024 forecast to 75bps of cuts from previous 125bps
