13 hours ago
US Treasury Rally Stalls as Key Consumer Price Data Looms Large
Treasury yields rose from a three-month low ahead of a key inflation report that may shape market expectations that the Federal Reserve will cut interest rates as soon as next month.
Ten-year yields rose 7 basis points last week to about 4.3%, marking the first increase in three weeks. Traders priced in an over 80% probably for a Fed rate cut in September, interest-rate swaps showed.
