Bond investors are buying longer-term maturities up to 10-year debt and ramping up bets on a steeper yield curve, anticipating that the Federal Reserve will cut interest rates this week after a nine-month pause.
The US central bank’s policy-setting Federal Open Market Committee is widely expected to reduce its benchmark overnight interest rate by 25 basis points (bps) to the 4.00 per cent-4.25 per cent range at the conclusion of
