Treasuries Gain as Traders Hold to Rate-Cut Bets After Fed
Yahoo Finance·2025-12-12 05:16
Treasuries rose for a second session as traders maintained wagers on additional rate cuts next year after a Federal Reserve meeting that proved less hawkish than anticipated. Yields fell across most tenors, with the rate on benchmark 10-year notes touching the lowest level in nearly a week before closing little changed. It was an extension of gains that started Wednesday after Fed Chair Jerome Powell downplayed dissenting votes on a quarter-point interest-rate cut, and officials said they would start buyi ...