Treasuries Gain Led by Short Maturities as Fed Debate Simmers
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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 1000The US Treasury building in Washington.Treasuries posted small gains as investors looked to a swath of delayed US economic reports ahead this week that have the potential to alter expectations for further Federal Reserve interest-rates cuts next year.Yields for most tenors declined by at least two basis points, remaining inside this month’s ranges. The two-year rate, which slid nearly eight basis points to 3.54% on Dec. 10 when the Fed cut interest rates by a quarter point as expected, fell to 3.49%. Interest-rate strategists at JPMorgan Chase & Co. last week recommendedBloomberg Terminal buying two-year notes at yields around 3.60%, seeing scope for a decline to below 3.40%, at least.