Treasury Yields Leap as US Services Data Add Fuel to Fed Bets

(Bloomberg) — Treasuries tumbled Monday as stronger-than-expected US economic data added fuel to traders’ bets on how high the Federal Reserve’s interest-rates hikes will go.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is Getting the Last LaughChina’s Covid Pivot Acceler
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