NEW YORK: The torrid selloff that raced through the Treasury market the past week has investors bracing for further losses that would push the benchmark 10-year yield toward 2%, with growing expectations the Federal Reserve (Fed) is poised to act quickly to tamp down the steepest inflation in four decades.
The relentless surge in yields has drawn comparisons with the sharp rise a year ago that extended across the opening three months of 2021.
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