"Slam dunk" Treasury trade turns into a patience test as yields rise.  

NY (Reuters)— As a healthy economy reduces Fed interest rate lowering hopes, the U.S. government bond market is selling off.  

Over the previous month, investors have roughly decreased their 2024 Fed reduction expectations due to strong job growth and inflation,  ...

...The Fed's reluctance to loosen monetary policy due to strong job growth and inflation has slashed investors' expectations for 2024 cuts in the last month.  

That has worsened bond losses, challenging predictions for investors who believed Treasuries would climb as the Fed slashed borrowing costs  

Ten-year Treasury yields, which move inversely to bond prices and are influenced by interest rate forecasts, rose to 4.35%, their highest level since November  

Reuters in NYC As a robust economy shreds prospects for Federal Reserve interest rate decreases, the U.S. government bond market is selling off.  

which have made the Fed wary of easing monetary policy too soon  

Over the previous month, investors have roughly decreased their 2024 Fed reduction expectations due to strong job growth and inflation,Everyone anticipated inflation would fall in 2024.   

Craig Brothers, senior portfolio manager and co-head of fixed income at Bel Air Investment Advisors, said bond positioning was a surefire victory. So, "that trade is not working."  

On Friday, federal funds futures showed investors pricing in 80 basis points of interest rate decreases this year, down from 150 basis points in January.   

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