Fed officials’ comments and hotter-than-expected CPI sparked a US market sell-off, putting Treasury yields back in focus. Markets have largely priced Fed tightening, but a sharp drop in oil could temporarily pause the rise in yields in the coming weeks. Commonwealth Bank rate strategist Jack Chambers says he is watching both factors but still sees scope for higher yields: stronger economic momentum and firmer Fed-hike expectations should keep the 10-year US Treasury yield biased to the upside ne

Fed officials’ comments and hotter-than-expected CPI sparked a US market sell-off, putting Treasury yields back in focus. Markets have largely priced Fed tightening, but a sharp drop in oil could temporarily pause the rise in yields in the coming weeks. Commonwealth Bank rate strategist Jack Chambers says he is watching both factors but still sees scope for higher yields: stronger economic momentum and firmer Fed-hike expectations should keep the 10-year US Treasury yield biased to the upside near term.