Treasurys are getting crushed (TLT, TBT)
US Treasurys are under pressure on Tuesday, as investors bet on a coming rise interest rates.
The selling follows hawkish comments by Fed officials, and reports the European Central Bank is considering a gradual wind down of its asset purchase program.
Tuesday morning, Richmond Fed President Jeffrey Lacker said he would have dissented at the September meeting if he had a vote and that the Fed should raise rates gradually, "but not too gradually," according to a report from Reuter
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