Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data

Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data Treasuries fell after a gauge of US job openings exceeded economist estimates, an indication of labor market strength with the potential to give the Federal Reserve leeway to raise interest rates to curb inflation. The selloff lifted yields across maturities by three to five basis points as traders priced in somewhat higher chances of at least two Fed rate increases over the coming months. Earlier Tuesday — Election Day in the US — volatility in oil prices in response to Middle East war headlines briefly drove yields lower on the day.