Treasury yields hit highest since 2008 as Fed path repriced ...Qatar

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Treasury yields hit highest since 2008 as Fed path repriced
US Treasuries tumbled in one of biggest selloffs of recent decades, driving the yields on 2- and 5-year notes to the highest since 2008, after an unexpected uptick in inflation increased speculation the Federal Reserve will need to raise interest rates more aggressively over the next few months. The surge in consumer prices in May to a fresh four-decade high surprised investors who were looking for signs that inflation had peaked and drove traders to price in expectations for half percentage-point rate hikes at the Fed’s June, July and September meetings. Barclays Plc became the first Wall Street bank to predict that the Fed will raise rates by three-quarters of a percentage point at its m

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