U.S. Treasury Yields at Highest Level in More than a Year

Treasury bond yields in the United States continued to rise on Monday, as selling pressures on long-term debt instruments continued due to expectations of a rise in inflation and strong economic recovery.

The benchmark 10-year Treasury bond yield rose to their highest level in nearly 13 months, adding 4.3 basis points reach to 1.594%, its highest level since February 13, 2020.

Similarly, the 30-year Treasury bond yield increased by two basis points to reach 2.306%.

Meanwhile, the return on the two-year Treasury notes leveled up by 2.2 basis points to 0.163%.

The rise in Treasury bond yields comes following the passing of the $1.9 trillion relief bill by the Senate.