Treasurys

Treasury rally gains steam as economic data fuels rate-cut bets

A rally in short-dated Treasuries gathered pace Thursday after a raft of US economic data on balance favored wagers on as many as three Federal Reserve interest-rate cuts this year. Yields across maturities declined, with those on two-year notes falling five basis points and most reaching the lowest level in more than a month. The […]

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Michelle Bowman

Fed’s Bowman makes case for leverage ratio reform

Federal Reserve Vice Chair for Supervision Michelle Bowman.Bloomberg News The Federal Reserve’s top regulator said changes are needed to the supplementary leverage ratio to improve the Treasury market and ensure banks face proper risk incentives.  In a Monday speech, Fed Vice Chair for Supervision Michelle Bowman said the current calibration of the capital requirement is

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