US 10-Year T-Yields Gain 3%

The 10-year US Treasury note yield trades above 3% while market participants still evaluate  the outlook for tightening monetary policy ahead of a critical US inflation, scheduled next Friday.

Earlier this year, US yields climbed up to 0.01% as traders reacted to persistently high inflation ratings and a more hawkish outlook from the Federal Reserve. 

The Federal Reserve started its tightening cycle in March and has raised interest rates by an aggregate of 75 basis points so far this year in order to curb inflation. 

The 10-year US Treasury note yield settles now at 3.033%, while the yield on the 30-year Treasury bond trades near 3.178%.