U.S. Treasury yields rise across the board, with market expectations for fewer interest rate cuts

ChainCatcher reports that, according to Jintou, U.S. Treasury yields continue to rise amid inflation concerns triggered by Middle East conflicts and signs of a robust U.S. labor market. Data shows that employers remain reluctant to lay off workers, with weekly initial jobless claims steady at 213,000. Additionally, the January import price index increased by 0.2%, below expectations. The market anticipates that tomorrow’s February non-farm payrolls will slow from 130,000 in January to 50,000. Most futures markets currently expect the Federal Reserve to cut interest rates only once by 2026, down from three times earlier this year. The 10-year U.S. Treasury yield is currently at 4.134%, up from 4.081% yesterday; the 2-year yield has risen from 3.541% to 3.586%.