Bond traders are left to debate Fed pivot as rate-cut bets grow

"It will be interesting to hear the Fedspeak in the next few weeks," said Tannuzzo, deputy global head of fixed income

After a week in which the bond market shifted to betting that an interest-rate cut is the Federal Reserve’s likely next move, traders still see plenty of room for debate.

Gene Tannuzzo at Columbia Threadneedle Investments, for one, is on board with the market’s stance, amid slowing global growth and tame inflation. Michael Collins of PGIM Fixed Income, on the other hand, isn’t ready to rule out a rate hike this year, especially after signs of strength in economic data Friday.

The showdown between the two camps may persist with key economic data still delayed because of the lingering effects of the