US Treasury Selloff Deepens as Traders Bet on Further Fed Tightening

Cointime reports: Signs of persistently high US inflation drove Treasury prices down on November 10, with traders increasing bets on a December Federal Reserve rate hike. Yields on 2- to 5-year Treasuries rose more than 10 basis points after Tuesday’s inflation data. Traders now price at least two Fed hikes by mid-2027 and a small chance of a 50-basis-point December move, while fully pricing a 25-basis-point hike, after Fed Governor Waller voiced support for tightening in London.