STIP - Will Inflation Data Continue To Support The Bond Rally?

2024-07-10 10:14:00 ET

Summary

• Treasury prices are slightly higher, but the debate continues as investors consider how the Federal Reserve will adjust monetary policy, or not, in the weeks and months ahead.
• Most bonds sectors continue to post modest gains for the year to date, based on a set of ETFs.
• The key factor for bonds in the near term: incoming inflation data and expectations for Fed policy.

A month ago it was reasonable to wonder if the worst was over for fixed income securities writ large. Four weeks later, Treasury prices are slightly higher, but the debate continues as investors consider how the Federal Reserve will adjust monetary policy, or not, in the weeks and months ahead....

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