Treasuries Fall as Oil Price Surge Dims Fed Rate-Cut View
US Treasuries fell for a second day as surging oil prices prompted traders to curb bets on more than one Federal Reserve interest-rate cut this year.
The declines were subsequently pared as investors weighed the potential for rising energy prices to derail economic growth, and amid stabilization in oil and US stocks. The two-year note’s yield, more sensitive than longer maturities to Fed policy shifts, remained less than three basis points higher near 3.50%.