Lates News

According to the data, following the rise in gasoline prices due to the Iran war and the accelerated inflation in the United States in March, bond traders slightly reduced their bets on the Fed cutting interest rates once this year. Pricing in the interest rate swap market on Friday showed that the probability of the Fed cutting interest rates by 25 basis points this year is about one-third, with little change compared to before the data was released. After the report was released, US Treasury bonds fell slightly, with yields rising by two to three basis points across all maturities. Tom di Galoma, Managing Director of Mischler Financial Group, said, "Today's CPI data will not support bond prices because next month's inflation report will bring more trouble for investors and the Fed."