Treasury Traders Bet on 2024 Fed Rate Cuts Despite recent fluctuations in yields driven by employment and service-industry data, Treasury traders are firmly betting on the Federal Reserve cutting interest rates significantly in 2024. Swap contracts linked to Fed meetings are pricing in nearly six quarter-point reductions, with over a 70% chance of a cut in March. Initially, these bets were scaled back after a strong job report, but they regained momentum due to a comprehensive analysis of the payrolls report, a major revision in November’s data, and a weaker U.S. service sector performance. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Traders Bet Big on Oil Futures Despite A Stagnant Market READ MORE Powell Dismisses Stagflation Fears READ MORE UBS Sees Strong Potential in Commodities, Elevates Precious Metals Allocation READ MORE Unemployment Data Hints at Gradual Economic Shift READ MORE Historic $14M Digital Yuan Transaction for Gold Marks New Era in Cross-Border Trade READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment