NEW YORK: Traders surprised by this year’s painful rise in bond yields are still looking to snap up US debt, given their ongoing assumption that the US economy will eventually slow in 2024.
The economy has broadly outperformed forecasts at the start of 2024, prompting investors to drastically ratchet back wagers for Federal Reserve (Fed) interest rate cuts and imposing losses for the year on those who began the year favouring bonds.
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