Treasuries Slide as Hot US Inflation Cements December Rate Bets

🇺🇸 Bloomberg (US) —

AI Summary

U.S. Treasury prices fell as persistent inflation strengthened traders' expectations that the Federal Reserve will raise interest rates in December. The shift in rate expectations reflects concerns that inflation remains elevated.

Treasuries sank and traders solidified their bets that Federal Reserve officials will raise interest rates when they next meet in December after evidence of persistently hot US inflation.

Politics Markets U.S. Treasuries inflation Federal Reserve interest rates bond markets December rate decision

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