Much of the focus last week was on officials’ quarterly update of the forecast for policy rates. While the median of the so-called dot-plot suggested two more cuts this year, there was a wide dispersion of views, giving added importance to this week’s speakers.
Traders in the US Treasury market are looking for fresh clues on the path of US Federal Reserve (US Fed) policy from the plethora of US central bank officials slated to speak this week.
Treasuries of all maturities fell on Monday, adding to three days of losses after a sharp rally that had the market up nearly 6% this year before the US Fed meeting wrapped Wednesday, according to data compiled by Bloomberg. Benchmark 10-year yields traded higher, hovering at about 4.14%.
