US Treasuries Extend Fall as Traders Slash Fed Rate-Cut Bets

US Treasury yields are rising, and bond prices are falling, as traders significantly pare back expectations for aggressive Federal Reserve interest rate cuts this year. This shift reflects growing confidence in the US economy's resilience and potentially higher-than-anticipated inflation, signaling a 'higher for longer' rate environment. Investors should watch for further Fed commentary and upcoming inflation data, which will dictate bond market direction and broader financial conditions.