US Bonds’ Best Gain This Month Comes as Fed Cut Bets Mount

The US Treasury market is heading for its best weekly gain this month as economic angst reinforces bets on interest-rate cuts.

A Bloomberg gauge of US government debt is up 0.5% this week, bringing its return for the year to 2.7% — the best start since 2022. The latest leg follows the Federal Reserve’s March policy meeting, in which Chair Jerome Powell underscored the uncertainty around the outlook.