-
Treasuries Fall as Inflation Data Erode Fed Rate-Cut Wager
From youtube.com/bloombergpodcasts
Treasuries fell as quickening inflation stemming from the US war on Iran — and the prospect of escalation — eroded wagers that the Federal Reserve will lower interest rates once this year. The rise in yields began in early US trading after the release of consumer prices data for March — the first to reflect the impact of the war. Yields extended their climb to trade as much as five basis points higher after midday after US President Donald Trump threatened to escalate the war if weekend talks failed. Late in New York trading, yields were up between three to four basis points across maturities. The setback pared ...