TREASURIES SIGNAL FED MAY NEED HIGHER RATES US Treasury markets are pushing back against expectations of lower rates, with 2-year yields rising above 4.1% and pricing in potential hikes as soon as October. Traders say strong economic data and persistent inflation risks suggest policy may no longer be restrictive. The move has steepened concerns that the Fed, under incoming chair Kevin Warsh, is behind the curve, with some investors arguing the “neutral rate” may need to be revised higher across the yield curve.(*Walter Bloomberg)