US Treasuries Fall as Inflation Angst Eclipses Haven Buying

US Treasuries fell as conflict in the Middle East sent oil prices soaring, stoking fear inflation will accelerate and forcing traders to scale back wagers on the scope of interest-rate cuts. Rather than sheltering in US government debt as typically happens in times of global market turbulence, bond traders are focused instead on the danger that fighting across the region reignites inflation — potentially dimming the chances of more Federal Reserve easing. US President Donald Trump, who is pushing for regi ...