2-year Treasury yields rises above 5% after higher labor costs undermine rate-cut theme
Treasurys sold off Tuesday morning, pushing the policy-sensitive 2-year rate back above 5%, after U.S. labor-cost data cast doubt on expectations for the Federal Reserve to cut interest rates.
Treasurys sold off Tuesday morning, pushing the policy-sensitive 2-year rate back above 5%, after U.S. labor-cost data cast doubt on expectations for the Federal Reserve to cut interest rates.
