Treasury yields swing as traders boost chance of no more Fed hikes this year

U.S. Treasury yields swing from declines to advances even as fed funds futures traders lift the chances of no further action by the Federal Reserve this year.

U.S. Treasury yields swung from declines to advances Thursday morning even as fed funds futures traders boosted the chances of no further interest-rate action by the Federal Reserve this year.

And traders boosted the likelihood of no action in December to 59.9% as they continued to absorb Wednesday’s mixed reading on the August consumer price index.

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