Treasuries Rally as Cool CPI Data Cuts July Fed Hike Bets to 20%
US Treasuries surged as traders pulled back from bets on Federal Reserve interest-rate hikes after consumer prices data came in lower than forecast.
By Greg Ritchie, Ye Xie ยท Bloomberg Markets
US Treasuries surged as traders pulled back from bets on Federal Reserve interest-rate hikes after consumer prices data came in lower than forecast.