The eighth straight month of expansion in the U.S. services sector is giving way to another round of worry about lingering inflation in financial markets.After Wednesday’s ISM data showed service-sector activity strengthening in August, Treasury yields jumped, with the policy-sensitive 2-year rate ending the New York session at 5.022% or its fifth highest level of the year. The rise in the 2-year yield translated into a more deeply negative Treasury curve, and fed fund futures traders nudged up the likelihood of another rate hike by the Federal Reserve by December. Read: Growth in U.S. service sector accelerates in August,…
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