Inflation cooling boosts rate cut bets, US bonds erase all year-to-date losses
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Due to the cooling of inflation and bets on the Fed rate cut, US Treasuries have erased all their losses so far this year. The US June CPI data came in below expectations, deepening market confidence in a Fed rate cut in September. Bond traders and investors are optimistic about the outlook for US Treasuries, but some strategists are cautious about the longer-term decline in US bond yields. Overall, the time for a bullish position on US Treasuries has arrived, but the upside for the 10-year Treasury is limited
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