Aggregate bond index is up 4.8% in price this month.
Stocks, international currencies, and bitcoin have also rallied, with traders betting the Fed is done lifting interest rates as inflation continues to ebb.
On Thursday, the latest personal-consumption expenditures price index—the Fed's preferred inflation gauge —offered the latest sign that pricing pressures are softening.
The Nasdaq Composite is up 11% in November, on track for its best month since July 2022.
Salesforce's stock rose, lifting the blue-chip Dow, after the business-software company reported results last night.
Persons:
Stocks, Tesla, Dow industrials
Organizations:
Bloomberg U.S, Nasdaq, Dow, Treasury, Benchmark U.S
Locations:
Russia, Europe