Global Bond Rout Pauses for US Inflation Data as Rate Bets Fade
- Traders no longer fully price a Fed rate cut before December
- Core PCE held steady at 0.3% in March, Bloomerg survey shows
A selloff in global bonds paused as traders waited for US inflation data to shed light on whether the Federal Reserve will be able to cut interest rates this year.
Treasuries gained on Friday after a rout this week pushed yields to their highest levels of the year, with European rates following suit. Japan’s benchmark securities advanced after the nation’s central bank indicated monetary policy will stay easy for now.