Benzinga – by Michael Juliano, .
U.S. Treasuries are poised to come in even despite having a very volatile first six months of 2024.
A Bloomberg index of returns in this bond market has declined a mere 0.1% for the year. It fell as much as 3.4% in April.
The rebound indicates that investor outlook might be positive in light of falling U.S. prices prompting the Federal Reserve to cut interest rates sooner.
“We’ve seen the peak in yields,” Stephen Miller, investment strategist at GSFM in Sydney, told Bloomberg. “Bonds are now back as having a deserved place in a multi-asset portfolio.”
Treasuries have been sent in opposite directions in 2024 as policy-sensitive two-year yields have soared above 5% in April as fears over higher-for-longer U.S. rates spurred investors to dump bonds.
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They have since returned to around 4.7% as inflation-to-retail-sales data…
