US Treasuries were on track for a third consecutive week of gains, rallying on Thursday after economic data releases bolstered expectations that the Federal Reserve will implement at least two interest rate cuts this year. This trend pushed yields across various maturities to their lowest levels in over a month. A Bloomberg Treasuries index showed a return of approximately 0.6% for the week.
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US Treasuries Poised for Third Week of Gains on Rate
US Treasuries were headed for a third week of advances, rallying on Thursday after economic data releases reinforced bets that the Federal Reserve will cut interest rates at least twice this year. n nThe move pushed down yields across maturities, with most tenors falling to the lowest level in more than a month. A Bloomberg Treasuries index has returned about 0.6% for the week.