The sharp selloff in Treasuries abated on Thursday, with US bonds outperforming global peers after three straight days of declines.
Yields slumped across the curve, with two-year yields down three basis points to 4.05% and 10-year yields down five basis points to 4.19%. Traders marginally added to Federal Reserve interest-rate cut bets, mirroring moves across the Atlantic, where a mixed bag of European PMI data saw expectations around the European Central Bank delivering a half-point reduction rise.
