From Investing.com: 2024-07-31 08:08:00

US fixed income market is seeing positive year-to-date returns ahead of the Federal Reserve policy meeting. Expectations are high for a September rate cut despite rates remaining unchanged today. 12 out of 15 bond sectors are up for the year, with US junk bonds leading the pack with a 4.2% gain.

US Treasuries are boosting the bond market, with the iShares 7-10 Year Treasury Bond ETF on track for its third consecutive monthly increase. Analysts suggest the case for a September Fed cut is stronger due to recent central bank actions. Fed funds futures indicate high probabilities for no change today and a rate cut in September.



Read more at Investing.com: Bonds Continue to Post Gains as September Rate Cuts Get Priced In