U.S. Treasury yields fall in European trade, reflecting lower oil prices, while the dollar rises on continued expectations of Federal Reserve rate hikes. "Strong U.S. economic data and persistent inflation concerns have reinforced expectations that the Federal Reserve could tighten monetary policy, supporting the dollar," FXEM's Abdelaziz Albogdady in a note. Markets continue to price in a 25 basis-point Fed rate increase by the end of the year, providing support despite occasional pullbacks in bond yields, the market research and fintech strategy manager says. The DXY dollar index is up 0.25% at 101.362. The 10-year U.S. Treasury yield falls 0.7 basis points to 4.365%, according to Tradeweb. (emese.bartha@wsj.com)
Dow Jones Newswires
U.S. Treasury Yields Fall, Dollar Firms — Market Talk
U.S. Treasury yields fall in European trade, reflecting lower oil prices, while the dollar rises on continued expectations of Federal Reserve rate hikes. "Strong U.S. economic data and persistent inflation concerns have reinforced expectations that the Federal Reserve could tighten monetary policy…