Treasuries Pare Historic Gain After Powell Comments on Economy.

Bond traders have adjusted their expectations for interest-rate cuts after Federal Reserve Chair Jerome Powell stated that the US economy is stable. This has led to a decrease in the Treasury market's historic monthly gain. Powell's comments caused Treasury yields to rise, with the two-year note's yield reaching its highest level since September 12. Traders are divided on whether there will be a half-point or quarter-point rate cut in November, and economic reports for September will provide further insight. Treasury debt has seen a 1.4% return this month, the longest streak of monthly gains since 2010. [Extracted from the article]