The two-year yield climbed about 5 basis points and reached the highest since early September at 3.67%. (Image: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Treasuries fell as data showing the labor market was holding up pushed yields to three-week highs and led traders to modestly lower expectations for Federal Reserve interest-rate cuts in the coming months.

Short-maturity rates, which track expectations for Fed policy most closely, led the move after weekly jobless claims came in below estimates while separate figures showed stronger-than-forecast quarterly economic growth. The two-year yield climbed about 5 basis points and reached the highest since early September at 3.67%. That extended a climb from a multi-month low of 3.47% last week just before the

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