Treasuries Slide as Jobless Claims Data Dims Bets on Fed Easing.

Treasuries are experiencing a decline in value due to recent data on the US labor market, which has eased concerns about the economy and led traders to lower their expectations for interest rate cuts. Yields on two-year notes, which are influenced by the Federal Reserve's policy, have risen by up to 10 basis points. Swaps traders are now pricing in about 102 basis points of easing in 2024, with the first reduction expected in September. The market has been volatile this week as investors worry about the US economy and await further information on the central bank's response. [Extracted from the article]