U.S. Treasury yields climbed Monday as investors awaited further clues about the Federal Reserve’s monetary policy plans from central bank speakers and fretted over the inflation outlook.
The yield on the benchmark 10-year Treasury
was trading around 3.827% at around 8:00 a.m. ET, after rising about 1 basis point.
The 2-year Treasury
yield was last up by around 2 basis points to 4.529%. Yields and prices move in opposite directions and one basis point is worth 0.01%.
Uncertainty about future interest rate hikes continued after Fed speakers last week suggested that a pause to them was not close after economic data suggested to investors that inflation was easing.
Many investors had therefore hoped the Fed would slow or pause rate hikes, as concerns about a recession have spread.