U.S. Treasury yields rise, curve steepens
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Planet Daily News: U.S. Treasury yields continued to rise during the European morning session, weighed down by long-term bonds ahead of the Federal Reserve's interest rate decision announcement on Wednesday. Tiffany Wilding, an economist at Pimco, said in a report that the latest U.S. employment data is constraining the Federal Reserve, and she expects the Fed will not cut rates before late this year. Rate cuts would only occur if data shows a clear slowdown or contraction in the labor market. (Jinshi)
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