Treasuries’ October Curse Is About to End. What to Watch Next.

The Treasury market is readying to mark its best October in many years, whichever way you cut it. The S&P U.S. Treasury Bond Index is up 0.96%, on pace for its best October since its launch in 2010, according to the Dow Jones Market Data team. The prospects of Federal Reserve cutting interest rates two more times this year is pushing short-term rates down, with the 2-year yield at 3.48%, close to its lowest level in the past three years.