Fed traders boost wagers on two hikes by year-end
Bets fueled by US jobless claims declining by most since 2021.
Wall Street got more signs the Federal Reserve’s war against inflation isn’t breaking the economy — or at least not yet — with traders sending Treasury yields soaring amid bets on further rate hikes.
Bonds sold off across the curve, with two-year yields jumping 15 basis points to 4.86%. S
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