Bond Selloff Deepens as Fed Rate-Hike Bets Build: Markets Wrap
Global bonds continued their selloff as strong economic data and weak debt auction demand pushed Treasury yields to nearly 20-year highs. These factors have increased expectations for additional Federal Reserve interest-rate hikes.
A global selloff in bonds intensified, jolting investors as robust US economic data and weak demand at a debt auction drove Treasury yields across much of the curve to their highest levels in almost two decades.
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