Treasury yields move higher as traders rein back rate cut optimism ahead of Fed minutes

Treasury yields move higher as traders rein back rate cut optimism ahead of Fed minutes

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U.S. bond yields rose on Wednesday as traders continued to rein in bets on a swift reduction of borrowing costs by the Federal Reserve during 2024. The market has started 2024 questioning hopes that the Federal Reserve will begin cutting interest rates in March, and will slice 150 basis points…

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