There is still a possibility that the FRB will raise interest rates, maintaining a bearish attitude towards US bonds - PGIM

If the core inflation rate continues to rise 0.3% from the previous month, the authorities will lean towards raising interest rates.
The FRB will not be convinced that the policy is “sufficiently suppressive.”
Bond traders are reigniting the US Federal Reserve (FRB) interest rate cut observations, but PGIM fixed income sees that there is still a possibility that the financial authorities will actually lean in the direction of interest rate increases, and maintains a bearish attitude towards US bonds.