Treasuries Slide as Traders Weigh Rate Cuts After Powell
The US Treasury building in Washington.
Photographer: Al Drago/BloombergUS Treasuries fell ahead of a series of government bond auctions this week, pulling back from the rally unleashed Friday when Federal Reserve Chair Jerome Powell indicated that interest-rate cuts may come as soon as next month.
Yields were up by two to three basis points across tenors Monday in New York, with the benchmark 10 year’s rising to about 4.28%.