Reported about 2 months ago
Following the release of strong economic data, traders have lowered their bets on significant rate cuts from the Federal Reserve for the remainder of the year. Treasury yields rose sharply as positive retail sales and jobless claims diminished expectations for aggressive monetary easing. Analysts noted increased volatility in the bond market as traders reassess the likelihood of rate changes in September, with less than 30 basis points priced into the market for that timeframe.
Source: YAHOO