News Snapshot:
There’s also been a pattern of selling coming in as US traders begin their day — as it happened Friday, with Treasury yields rebounding from nearly the cheapest levels of the session from around 8am to 8.20am New York time. “It feels bond buyers have gone off to vacation, but we do view this as a buy,” Kelsey Berro, a fixed-income portfolio manager at JPMorgan Asset Management, said on Bloomberg Television. “When the Fed stops, everybody thinks we have engineered a soft landing.” “We are trying to assess: Is this another soft landing or is this potentially a false signal?...
