Treasuries Slide as Oil’s Rise Fuels Investor Angst on Inflation
The U.S. Treasury building in Washington.
Photographer: Samuel Corum/BloombergUS Treasuries are ending the week lower as oil prices rise above $100 a barrel, stoking concern about inflation that will keep the Federal Reserve from lowering interest rates anytime soon.
Most US government debt was lower in late trading on Friday, pushing yields on 30-year bonds up two basis points to 4.90% — the highest since early February. Interest-rate swaps tied to the Fed’s policy meeting dates showed about 22 basis points of easing priced for this year, compared to 18 basis points seen late on Thursday.