Bond Traders Look to Treasury Refunding, Fed Speakers and Jobs

US bond traders will focus on this week’s announcement of the Treasury Department’s borrowing plans for the next three months, an array of Federal Reserve speakers and a loaded calendar of economic releases crowned by monthly employment data.

Treasury yields are near the upper end of their range of recent weeks, with crude oil prices not far from a four-year peak and economic data pointing to a resilient US economy. With the Middle East conflict keeping energy costs elevated and sparking inflation concerns, the bond market has essentially priced out interest-rate cuts for this year, and options traders have even begun to lean toward potential tightening in 2027.