U.S. Treasury yields rise, curve steepens

Odaily News U.S. Treasury yields continued to rise in early European trading, dragged down by long bonds ahead of the Fed's interest rate meeting on Wednesday. Pimco economist Tiffany Wilding said in a report that the latest U.S. employment data is constraining the Fed and does not expect the Fed to cut interest rates until later this year. Once the data shows a clear slowdown or contraction in the labor market, there will be a rate cut. (Jinshi)