Treasuries are set to book a fourth-straight week of gains — the best winning streak since March — on building investor confidence that the Federal Reserve will begin cutting interest rates next quarter.
Rates oscillated Friday amid light pre-holiday trading after a report showed the Fed’s preferred gauge of underlying inflation barely rose in November, endorsing a growing narrative that central bankers have successfully broken the back of price pressures and will aggressively ease monetary policy in 2024.
