US Treasury Yields Rise as Markets Stabilize

U.S. Treasury yields rose Tuesday as fears that the U.S. economy is quickly entering a recession were seen as overdone, while safe haven demand for U.S. bonds also ebbed as stock markets recovered. Yields tumbled to a more than one-year low on Monday as investors repriced for rapid interest rate cuts by the Federal Reserve following an unexpected increase in the unemployment rate and fewer than expected job gains in July’s employment report on Friday. San Francisco Fed President Mary Daly said on Monday that many details in the jobs...