Treasury Yields Set Three-Week High as Data Clouds Rate-Cut Path

The Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Al Drago/Bloomberg Treasuries extended losses as data showing the labor market was holding up pushed yields to three-week highs and led traders to modestly lower expectations for Federal Reserve interest-rate cuts in the coming months. Short-maturity rates, which track expectations for Fed policy most closely, led the move after weekly jobless claims came in below estimates while separate figures showed stronger-than-forecas ...