Treasury Yields Near Recent Lows as Rate Cuts Look Near

0850 ET – Markets are pricing 66% odds that a first interest-rate cut by the Fed will happen in March, or two meetings from now, according to the CME’s FedWatch. Bank of America, for example, now expects trims totalling 100 basis points next year, up from 75 bp previously. Data indicate the U.S. “can enjoy both modest growth and disinflation simultaneously,” BofA economists say in a note.