Bond traders see data as key to rate cut

FILE PHOTO: A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo

NEW YORK: Bond traders are hoping to coast to the end of a volatile year – unless a surprise jump in inflation throws them another curve.

Treasuries extended their recent rebound last Friday after the monthly jobs report indicated the labour market was cooling enough to allow the Federal Reserve (Fed ) to cut interest rates again at the end of its meeting on Dec 18.