Market on Edge: Bond Market Grapples with Dueling Fears of US Debt Default and Impending Rate Hikes!
Bond market traders are increasingly skeptical that the Federal Reserve will alleviate tightening monetary policy with rate cuts this year. The change in sentiment, which last week pushed the likelihood of a quarter-point rate hike in the coming month to a peak of 40%, is set to confront a wave of data in the upcoming…