Bond investors are optimistic about the market lately, with interest rates being cut by the Federal Reserve. The slowing job growth and consumer spending have kept hopes for further rate cuts alive. Although inflation remains a concern, its pressure has been moderating, giving investors confidence that there won’t be an imminent recession that could impact corporate balance sheets.
Source: https://www.wsj.com/finance/bonds-are-heading-for-the-best-year-since-2020-02c5738b