Analyst: U.S. bond yields rise as markets reprice Fed rate cuts

Bitget2024/10/08 13:11

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U.S. Treasury yields rose on Oct. 8, as the market believes interest rates will fall more slowly than previously expected.A U.S. auction of $58 billion in three-year Treasuries is scheduled for today, and higher yields could boost demand, Spartan analyst Peter Cardillo said in a report. The U.S. trade deficit came in slightly below expectations at $70.43 billion in August.

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