Bond traders lower expectations for Fed rate cuts this year
After the U.S. ISM manufacturing index expanded for the first time since 2022, bond traders expected less monetary easing from the Federal Reserve this year and briefly priced in a less than 50% chance of a first interest rate cut in June. Gregory Faranello, head of U.S. rates trading and strategy at BofA Securities, said the ISM report confirmed last week's assertion that the economy's resilience kept the Fed patient. For the bond market, this means interest rates will remain higher for longer. Nonfarm payrolls data for March, due out on Friday, is expected to show the slowest job growth in months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No wonder Buffett finally bet on Google
Google holds the entire chain in its own hands. It does not rely on Nvidia and possesses efficient, low-cost computational sovereignty.

HYPE Price Prediction December 2025: Can Hyperliquid Absorb Its Largest Supply Shock?

XRP Price Stuck Below Key Resistance, While Hidden Bullish Structure Hints at a Move To $3

Bitcoin Price Prediction: Recovery Targets $92K–$101K as Market Stabilizes