A softer-than-expected U.S. inflation report for April initially pushed Treasury yields lower, rekindling hopes for Federal Reserve rate cuts in 2025. But by the end of the trading session, that optimism had faded as investors shifted into equities and weighed the implications of ongoing fiscal expansion, a temporary U.S.–China trade truce, and ambiguous forward guidance from the Fed. While Wall Street still prices in two quarter-point cuts by year-end, the timeline is drifting later into the calendar. Mihan Nikolic, a senior financial strategist at Horizon28, explores how this shifting environment is reshaping bond markets, rate expectations, and broader investor behavior....
March 2, 2026March 2, 2026