Treasuries extend gains as oil drop eases inflation fears
In short
Treasuries rose again as oil prices fell. That built on their biggest monthly gain in more than two years.
Lower oil prices are making investors less worried about inflation and more rate hikes from the Federal Reserve. The report does not say which bonds moved most or by how much yields changed.
What the reporting says
Treasuries rose as oil prices fell, extending their biggest monthly advance in more than two years. The publisher-supplied summary says the drop in oil eased concern about inflation pressure and additional Federal Reserve interest-rate hikes. The reporting does not state which Treasury maturities led the move or how much yields declined.
Why it matters
Treasuries extended gains after oil prices dropped, adding to a monthly rally that was already the biggest in more than two years. The move reflects easing concern about inflation pressure and about whether the Federal Reserve will need to raise interest rates again. The reporting does not specify which maturities were most affected or provide a yield change.