Treasuries Are on Biggest Rally Since 2008 as Fed Rate-Cut Seen

Treasuries Are on Biggest Rally Since 2008 as Fed Rate-Cut Seen    Bloomberg Investors are chasing bond yields lower at the fastest pace since the global financial crisis on conviction that the Federal Reserve will cut borrowing costs to contain the fallout from trade tensions. The yield on two-year Treasuries is headed for the biggest two-day decline since January 2008 after China extended retaliatory tariffs to cover more than two-thirds of imports from the U.S, with Beijing also warning students about the risk of studying in America. Meanwhile, JPMorgan Chase & Co.......(read more)

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