Treasuries Gain as US Inflation Data Bolsters Fed-Cut Bets
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Inflation:Treasuries gained across the curve as softer-than-forecast US inflation data led traders to step up bets that the Federal Reserve will cut interest-rate next year.The two-year yield, the most sensitive to changes in Fed policy, fell about four basis points to 3.44%, its lowest level since October. The 10-year yield also fell about four basis points, to 4.11%, while a Bloomberg gauge of the dollar touched the day’s low.