U.S. Treasury yields rise across the board as market expects fewer rate cuts

ChainCatcher news, according to Golden Ten Data, US Treasury yields continue to rise due to inflation concerns triggered by the Middle East conflict and signs of a robust US labor market. Data shows that employers are still reluctant to lay off workers, with weekly initial jobless claims remaining steady at 213,000. In addition, the import price index for January increased by 0.2%, lower than expected. The market expects that the non-farm payrolls to be announced tomorrow for February will slow down to 50,000 from 130,000 in January. The futures market currently mostly expects the Federal Reserve to cut interest rates only once in 2026, lower than the three cuts anticipated earlier this year. The yield on the 10-year US Treasury is currently reported at 4.134%, higher than yesterday's 4.081%; the yield on the two-year US Treasury has risen from 3.541% to 3.586%.