Reported 2 months ago
US Treasuries experienced a decline as the initial strong demand for safe-haven assets diminished, shifting market focus to an upcoming $58 billion auction. Yields increased, with the two-year rate rising to just under 4%. The change in sentiment was influenced by signs of slowing economic growth and a selloff in risk assets, leading to decreased expectations for significant interest rate cuts by the Federal Reserve this year.
Source: YAHOO