US Treasuries Fall as Traders Trim Rate-Cut Bets Ahead of Powell

US Treasuries fell for the first time in three days as traders pared bets on a September interest-rate cut ahead of the Federal Reserve’s gathering at Jackson Hole.

The yield on the 10-year benchmark rose four basis points to 4.33%. The two-year yield — which is more sensitive to changes in monetary policy — moved up to 3.79% Thursday afternoon in New York.