U.S. Treasury yields rise as traders bet on the Federal Reserve cutting interest rates by a total of 44 basis points by December

Gate News: On March 6, U.S. Treasury yields rose after a disappointing jobs report, boosting market expectations for a rate cut by the Federal Reserve this year, despite recent oil price increases that could fuel inflation. The 10-year Treasury yield, a measure of long-term borrowing costs, fell 3 basis points to 4.1%; the more rate-sensitive 2-year Treasury yield declined 5 basis points to 3.53%. Interest rate swap data shows traders are currently betting that U.S. policymakers will cut rates by a total of 44 basis points by December, up from an expectation of 35 basis points before the report was released.

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