Key US Treasury yields are back at 4 percent, a level last seen in August, after a blowout jobs report undercut chances for another big interest-rate reduction from the Federal Reserve. Bonds dropped ...
Stocks fell and key Treasury bond yields rose back above 4% after robust US data undercut wagers on a big interest-rate reduction next month from the Federal Reserve.
Stocks slipped and bond yields extended their rise as strong US economic data forced traders to pare wagers on how much the Federal Reserve might cut interest rates this year.