Fed Traders Jack Up Bets on Two Hikes by Year-End

Wall Street got more signs the Federal Reserve’s war against inflation isn’t breaking the economy — or at least not yet — with traders sending Treasury yields soaring amid bets on further tightening.

  • Bonds sold off across the curve, with two-year yields jumping 15 basis points to 4.86%.😨Swap markets now indicate a nearly 50% chance of a second Fed hike by year-end.

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