U.S. Treasury yields rise, curve steepens

Odaily Planet Daily News: U.S. Treasury yields continued to rise in early European trading, dragged down by long bonds before the Fed's interest rate meeting results 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)