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Treasuries Join World Bond Rout on Prospect of Super-Sized Hikes

  • Italian, Australian debt tumble; Treasuries fall across curve
  • Traders see 30% of half-point Fed rate hike in March
Updated on

Treasuries extended declines, stoked by expectations for aggressive interest-rate hikes around the globe.

Yields rose on Tuesday, with the rate on the U.S. 30-year bond hitting the highest since June. Italian debt is among the laggards in Europe as money markets price the end of negative deposit rates by December, even after European Central Bank President Christine Lagarde said any adjustment to policy will be “gradual.”