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2026-04-08 07:34:26
National Australia Bank (NAB) stated that short-term U.S. Treasuries may outperform longer-term bonds in the near term, following the U.S. agreement to suspend bombing operations against Iran for two weeks. Ken Crompton, head of interest rate strategy at the bank, said, "There is still room for further steepening of the bull market as the market may readjust to priced in a slightly higher probability of a Fed rate cut." Australian government bond and U.S. Treasury futures prices rose as news appeared to confirm the suspension of bombing operations.
