Treasuries Slide as Trump Pushes Investors Toward Riskier Assets
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US Treasuries sank as investors took job market data and a US-UK trade framework as reasons to embrace riskier assets and pare back their bets on interest-rate cuts.
The declines on Thursday pushed two- to 10-year yields higher by at least 10 basis points on the day after President Donald Trump urged people to buy stocks based on the latest trade developments. Yields on 30-year bonds were up about eight basis points to 4.85% after an auction was met with tepid investor demand.