Treasuries extended their steepest monthly loss since June 2015 and the dollar strengthened against the yen as hawkish rhetoric from Federal Reserve officials over the past two weeks steered financial markets.
Ten-year Treasury yields headed for the biggest monthly jump in more than a year as traders almost doubled bets of a September Fed rate increase to 34 percent. The dollar gained for a sixth day against the yen in the longest winning streak since March. European stocks advanced for a second day, adding to a monthly gain, while U.S. equity-index futures were little changed. Oil trimmed its advance in the best month since April.
Source: Bloomberg (31 August 2016)