Treasuries tumble as inflation surprise reduces odds of interest-rate cut

U.S. government debt slid on Wednesday, sending yields higher across the range of maturities, after faster-than-expected inflation made investors less optimistic about the Federal Reserve cutting interest rates this year, especially given the unknown effects of President Donald Trump’s new import duties.

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​U.S. government debt slid on Wednesday, sending yields higher across the range of maturities, after faster-than-expected inflation made investors less optimistic about the Federal Reserve cutting interest rates this year, especially given the unknown effects of President Donald Trump’s new import duties.Read more…