After delivering back-to-back interest rate cuts this fall, the Federal Reserve is on a cautious, data-dependent path. Whether due to economic uncertainty, election implications, or a declaration of “mission accomplished” on the inflation front,

Prospects of a near-term rebound in the $28-trillion U.S. government bond market are faltering, as Donald Trump’s return to the White House is expected to usher in fiscally expansive policies that could temper the extent of the Federal Reserve's future rate cuts.