Reported about 9 hours ago
Following a strong US employment report, Treasuries experienced a selloff as traders reevaluated the likelihood of Federal Reserve rate cuts. Yields on 10-year bonds surged to 4.80%, marking a high since November 2023, while the dollar rose to a two-year peak. The response to persistent inflation and high government debt has led markets to believe there's less than one expected rate cut this year. As the situation unfolds, attention turns to upcoming producer and consumer price data, crucial for assessing future monetary policy.
Source: YAHOO