By Gertrude Chavez-Dreyfuss
U.S. Treasuries rose for a second straight session on Tuesday, pushing their yields lower and with not much of a catalyst moving the market, as investors continued to position for the prospect of multiple Federal Reserve interest rate cuts in the rest of 2025 and next year.
Ahead of the U.S. central bank’s policy meeting next week, Fed officials are currently in a blackout period in which they are temporarily restricted from making public comments or speeches about monetary policy.
Bond investors will be looking to the release on Friday of the Consumer Price Index report for September for clues on whether or not inflation remains under control. The CPI excluding volatile food and energy items is expected to have increased 0.3% on a month-over-month basis, according to the consensus forecast of economists polled by Reuters. That reading would be unchanged from August.
A three-week shutdown of the U.S….
