Treasuries Climb as Traders Pare Fed Hike Bets on Lower Oil

Treasuries climbed as trading resumed after a long weekend, with a slide in oil prices spurring traders to trim wagers on Federal Reserve interest-rate hikes. The decline in oil reduces inflation pressure, leading investors to reassess the likelihood of further tightening. Bond yields fell as demand for safe-haven assets increased, reflecting a shift in market expectations for monetary policy.