Treasury yields nudge higher on the session ...Middle East

The selling in bonds is continuing as yields are gradually popping higher in European morning trade. This wasn't supposed to be part of the script for 2024, if you look back at what traders were positioning for back in November and December last year. Yet, here we are now as Treasury yields are reversing a large chunk of that move.For some context, we've seen a significant pullback in terms of Fed rate cut pricing over the last few months. And that is what is being confirmed by the action in the bond market here.The first rate cut was initially set for March, then moved to June. Now, it is pushed to September and even that is not necessarily a given if you take the inflation outlook into con

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Last updated : 16 April 2024 clock 01:09 PM

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Treasury yields nudge higher on the session ...Middle East

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