Analyst: U.S. bond yields rise as markets reprice Fed rate cuts

U.S. Treasury yields rose on Oct. 8, as the market believes interest rates will fall more slowly than previously expected.A U.S. auction of $58 billion in three-year Treasuries is scheduled for today, and higher yields could boost demand, Spartan analyst Peter Cardillo said in a report. The U.S. trade deficit came in slightly below expectations at $70.43 billion in August.