Treasuries Climb as Benign US Inflation Eases Bets on a Fed Hike

Short-term Treasuries jumped as a benign reading of the Federal Reserve’s favored inflation gauge slightly dragged on traders’ expectations for an interest-rate hike in the months ahead.

By Ye Xie · Bloomberg Markets

Short-term Treasuries jumped as a benign reading of the Federal Reserve’s favored inflation gauge slightly dragged on traders’ expectations for an interest-rate hike in the months ahead.