A series of recent strong economic growth data has made Wall Street’s optimistic expectations for the Federal Reserve to cut interest rates a 180-degree turn. Traders are aggressively shorting Treasuries, sending benchmark Treasury yields back to their highs since 2024.
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U.S. Treasury yields are back to their highs since 2024
A series of recent strong economic growth data has made Wall Street’s optimistic expectations for the Federal Reserve to cut interest rates a 180-degree turn. Traders are aggressively shorting Treasuries, sending benchmark Treasury yields back to their highs since 2024.