James Mcalevey

The market generally expects the Fed to cut interest rates twice this year, but the final number of cuts may be more than expected.

Weakening economy supports prospects of US Treasuries

Long-dated US Treasuries are unlikely to be sold off further, given that negative factors have already been priced in

Mexican migrants deported from the US. Expelling large numbers of undocumented workers or drastically restricting immigration could exacerbate labour shortages, push up wages and reignite inflationary pressures.

Why market expectations of the US Fed’s rate path may be wrong

Softening wage growth and cooling housing costs will allow inflation to moderate further, giving the central bank room to continue cutting rates