US Treasuries gain as oil retreat eases inflation fears
Updated
Updated · Bloomberg · Apr 30
US Treasuries gain as oil retreat eases inflation fears
8 articles · Updated · Bloomberg · Apr 30
The two-year note led the rebound, with its yield falling five basis points to 3.90% after Brent crude pulled back from a four-year high.
Treasuries recovered after Wednesday's sell-off, when the two-year yield had jumped about 11 basis points following a deeply divided Federal Reserve decision.
Even with oil easing, persistent inflation concerns kept Treasury yields near recent peaks, underscoring uncertainty over the path of US monetary policy.
With inflation topping 3%, can the incoming Fed Chair deliver on expected rate cuts without worsening the economic situation?
The Middle East conflict has triggered a record oil shock. How will this reshape global supply chains and economic alliances?