US Treasuries Edge Higher Amid Guarded Rate-Cut Optimism

Treasuries recovered some of last week’s losses, which lifted 30-year yields to the highest level in more than a month, in muted price action that was led by bigger gains for UK government bondsBloomberg Terminal.
The advance was sustained despite an early setbackBloomberg Terminal when the corporate bond market kicked off the week with a $12 billion offering by Amazon.com Inc., its first dollar-denominated bond sale since 2022. Also Monday, a gauge of New York state factory activity unexpectedly increased to the highest level in a year.