Expectations that the Federal Reserve will ease monetary policy in the early months of 2024 are fueling a searing year-end rebound in U.S. government bonds. Some investors believe those rate cut hopes are misplaced. The yield on the benchmark U.S. 10-year Treasury, which moves inversely to prices, was recently at around 4.15%, down 87 basis points from a 16-year high reached in October. Last month's 52-point drop in yields was the biggest monthly decline since 2011. Driving the moves are bets that falling inflation will push the Fed to begin cutting rates as early as March 2024 - a much more dovish timeline than ... (full story)