U.S. Treasury yields rose after oil prices climbed and last week’s
stronger-than-expected U.S. jobs data raised odds of a near-term Fed hike.
Danske Bank analysts said they do not necessarily expect a hike next week but
view current market pricing — roughly even odds of a hike versus hold — as
reasonable, and continue to forecast Fed rate hikes in December and March. The
dollar softened against a currency basket after the yen strengthened further.
