Fed and BoJ expect rate hikes as US bond market flails

This week's meetings between the Federal Reserve and the Bank of Japan are expected to bring discussions about potential interest rate hikes, which could have significant implications for the US bond market. As central banks consider tightening monetary policy, the US Treasury market may face increased volatility. This move could lead to higher borrowing costs for consumers and businesses, potentially affecting economic growth and inflation rates. The decisions made this week are crucial as they could signal a broader trend in global monetary policy.