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Treasuries drop as Jobs Data, Iran Tensions fuel Rate Hike Bets

Treasuries fell as investors ramped up bets that the Federal Reserve will need to raise interest rates, while escalating tensions in the Middle East added to inflation concerns.  Yields rose about two to five basis points across the curve in Asian trading Monday, with the biggest moves in shorter-dated bonds such as five- and two-year notes, which are more sensitive to changes in Fed policy expectations.  [...]