Bonds
US Bonds Extend Slide as Fed Seen on Hold Amid Oil Spike
“The market is quite volatile, with investors gravitating toward safe-haven assets and driving up crude prices.”
Photographer: Atta Kenare/AFP/Getty Images
US Treasuries fell amid bets that elevated oil prices will spur Federal Reserve policymakers to signal patience toward further interest-rate cuts when they meet this week.
Treasuries briefly trimmed losses on Monday along with crude following a Wall Street Journal report that Iran signaled it wants an end to its conflict with Israel. But bonds resumed their slide as equities rallied, pushing yields up two to six basis points across maturities in late afternoon New York trading.