The Bond-Market Comeback of 2023 Is Heading to First Big Test

30 January 2023

Treasuries rallied this month on widespread anticipation that the Federal Reserve is nearing the end of its interest-rate hikes as inflation comes down and tighter financial conditions cool the economy. In the coming week, traders will find out if that’s likely the case as the central bank announces its latest decision and the monthly job-market report is released.

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