Lates News

After Fed officials' speeches and a higher-than-expected CPI print triggered a selloff in U.S. markets, U.S. Treasury yields have once again taken center stage. Fed rate hike expectations remain fully priced in by the market. However, with oil prices falling sharply, the rise in yields could be temporarily interrupted in the coming weeks. Commonwealth Bank of Australia rate strategist Jack Chambers is closely watching these two factors, but still believes there is room for bond yields to rise further. He said that strengthening economic momentum and rising Fed rate hike expectations will dominate, keeping the 10-year U.S. Treasury yield biased upward in the near term.