Treasuries Dip Before PCE as Fed Hawks, Iran Put Traders on Edge

Treasuries fell as investors braced for key US inflation data, capping a week shaped by hawkish signals from the Federal Reserve and tensions between the US and Iran that sent oil prices higher. Yields on two-year bonds — more sensitive to changes in monetary policy — rose two basis points to 3.47%, while those on the 10-year ticked one basis point higher to 4.07%. Most Read from Bloomberg The small moves suggest traders are reluctant to make large bets ahead of the release of PCE data — the Federal Re ...