Supportive inflation data outweighed a rebound in oil prices in the Treasury market, helping yields edge lower and pushing traders to mostly abandon bets on a July Fed interest-rate hike. The week’s bias shifted toward fewer near-term tightening expectations, supporting duration despite the oil-driven pressure.
Supportive inflation data outweighed a rebound in oil prices in the Treasury market, helping yields edge lower and pushing traders to mostly abandon bets on a July Fed interest-rate hike. The week’s bias shifted toward fewer near-term tightening expectations, supporting duration despite the oil-driven pressure.
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mildly positive
Sentiment Score
0.20
