Bond market comeback heading for first big test

Treasuries rallied this month on widespread anticipation that the Federal Reserve (Fed) is nearing the end of its interest-rate hikes as inflation comes down and tighter financial conditions cool the economy. — Reuters

NEW YORK: The bond-market’s bulls are poised for the first major test of 2023.

Treasuries rallied this month on widespread anticipation that the Federal Reserve (Fed) is nearing the end of its interest-rate hikes as inflation comes down and tighter financial conditions cool the economy.