Treasury yields rise as march to multiyear highs continues
Treasury yields edged higher on Monday as investors look ahead to fresh economic data releases this week.
TL;DR
- U.S. Treasury yields rose on Monday due to renewed pressure on global government bonds, driven by higher oil prices and inflation fears.
- The 10-year U.S. Treasury note yield increased by over 5 basis points to 5.234%, and the 30-year Treasury bond yield rose 5 basis points to 5.552%.
- The 2-year Treasury note yield climbed more than 6 basis points to 4.926%, influenced by short-term Federal Reserve interest rate expectations.
- This rise occurs after yields reached their highest rates since 2007 and 2004 in the previous week.
- Elevated oil prices, with West Texas Intermediate futures around $92 a barrel, are contributing to investor anxiety.
- Key economic data releases scheduled for the week include nonfarm payrolls, unemployment rate, the core PCE index, quarterly GDP growth, and the August JOLTS report.