Treasuries Fall as Rising Oil Prices Lift Inflation Expectations
Treasuries fell, pushing yields to their highest levels in weeks, as rising oil prices increased inflation expectations and reduced the likelihood of Federal Reserve rate cuts. Short-maturity yields rose over four basis points, with the two-year note's yield reaching 3.85%, the highest since early April. The Federal Reserve is expected to maintain its current interest rate target range.
Topics: Federal Reserve Inflation Oil Prices Treasuries Yields