The US Treasury bond market rose slightly at the end of 2024, as inflation resumed a slight decline after the first quarter, and the Federal Reserve cut interest rates three times. This increase was lower than the market's increase in 2023, after two consecutive years of decline in this asset class. Until close to the end of April, US Treasury bonds continued to decline as yields approached 2023 highs. The process of reducing inflation has been blocked, forcing forecasters to abandon predictions that the Federal Reserve will cut interest rates by as much as 2 percentage points before the end of the year. However, the market later reversed, and the yield hit the lowest level of the year in mid-September, as the more favorable inflation trend made the market re-digest the expectations of the Fed cutting interest rates. The three interest rate cuts in September, November, and December totaled 1 percentage point, bringing the Federal Reserve's overnight interest rate target range of 4.25% to 4.5%.

The US Treasury bond market rose slightly at the end of 2024, as inflation resumed a slight decline after the first quarter, and the Federal Reserve cut interest rates three times. This increase was lower than the market's increase in 2023, after two consecutive years of decline in this asset class. Until close to the end of April, US Treasury bonds continued to decline as yields approached 2023 highs. The process of reducing inflation has been blocked, forcing forecasters to abandon predictions that the Federal Reserve will cut interest rates by as much as 2 percentage points before the end of the year. However, the market later reversed, and the yield hit the lowest level of the year in mid-September, as the more favorable inflation trend made the market re-digest the expectations of the Fed cutting interest rates. The three interest rate cuts in September, November, and December totaled 1 percentage point, bringing the Federal Reserve's overnight interest rate target range of 4.25% to 4.5%.