A huge two-month rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed-income markets from an almost unheard-of third straight year of declines.
The Nasdaq Composite index gained 0.02 percent while the S&P 500 slipped 0.04 percent and the Dow Jones Industrial average lost 0.06 percent.
News On AIR | December 28, 2023 6:29 PM | Expectations for Rate Cuts Propel Bond Price Rise
Expectations for Rate Cuts Propel Bond Price Rise