A Wall Street street sign in front of the New York Stock Exchange in New York, US, on Wednesday, July 31, 2024. --
U.S. Treasuries fell as demand for haven assets waned globally, with the market now turning to a $58 billion auction as the next test of investor appetite. Traders are also rowing back on expectations of deep cuts from the U.S. Federal Reserve. Swaps point to about 110 basis points of easing through this year, compared to as much as 150 basis points on Monday.
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