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Bond Yields End Week Higher as Market Preps for Trio of Risks
News November 01, 2024 at 04:34 PM
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What You Need To Know
- Traders held tight to expectations that policymakers will cut rates by a quarter-point on Nov. 7 and again on Dec. 18.
- Volatility has been rising as Kamala Harris and Donald Trump face off in a tight race for the White House on Nov. 5.
- Yields had climbed roughly 60 basis points throughout October, causing a Bloomberg gauge of the debt to post its worst monthly loss since 2022.
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