Reported 1 day ago
Treasury yields increased as European government bonds faced a selloff following a European Central Bank announcement that caused traders to adjust their positions. The divergence in monetary policy expectations between the ECB and the Federal Reserve highlighted the challenges in the US labor market, raising speculation about potential interest rate cuts by the Fed later in the year. Despite recent economic concerns, fiscal issues in the US, including tax cuts and credit rating downgrades, continue to hinder a significant rally in Treasury bonds.
Source: YAHOO