Bond Selloff Extends as Investors Bet Against Deep Rate Cuts

Group 1 - Bond prices are declining as investors express skepticism about aggressive interest-rate cuts from the Federal Reserve [1][2] - The yield on the 10-year U.S. Treasury note increased by 2 basis points to 4.13%, while the 2-year yield also rose by 2 basis points to 3.59% [1] - Fed Chair Jerome Powell indicated a cautious approach, describing the recent rate cut as a "risk management cut" due to inflation being nearly 1 percentage point above the 2% target [2]