Yields Soar as Traders Price in Just Two Fed Rate Cuts in 2024

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Treasury yields soared, reaching new year-to-date highs, as data showing consumer prices rose more than estimated in March prompted investors to abandon wagers on more than two Federal Reserve interest-rate cuts this year.

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Markets today: TBond yields rise as traders dial back U.S. Fed-cut betsTreasuries fell in a volatile session after mixed economic reports signalled the Federal Reserve may still cut interest rates this year — but will be in no rush to do so.
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