Treasuries Gain as Fed Cuts, Traders Wager on Two More in 2026

US Treasuries rose after the Federal Reserve lowered interest rates by a quarter-point for a third straight meeting and left the door open to additional policy easing in 2026. Yields fell across the curve on Wednesday, sinking from multimonth highs. But the Fed-sensitive two-year note led the rally, tumbling almost 8 basis points to 3.54%, for its largest one-day slide in two months. Treasuries extended gains after Fed Chair Jerome Powell highlighted concern about weaker hiring. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)