US Treasuries Slip as Rally Loses Steam on Steady Labor Data

Bloomberg Treasuries edged lower, suggesting a recent rally is running out of steam as investors weigh whether the economy is weakening enough to justify deeper Federal Reserve rate cuts. Benchmark 10-year yields closed one basis point higher at 4.06%, while the policy-sensitive two-year yield climbed three basis points to 3.43%. Most Read from Bloomberg On Tuesday, a reading of private payrolls did little to change the view that the US labor market remains stable. Traders are fully pricing in two qua ...