Treasury yields rise on first day of eventful trading week

US Treasury bond yields have risen since the start of trading on Monday due to anticipation of economic data, Federal Reserve statements, and earnings reports.

The stock market lost momentum after reaching record levels, with traders anticipating a barrage of economic data and statements from Federal Reserve officials that could shape interest rate futures.

The decline in stocks was a significant factor in the rise in bond yields, leaving the door open to speculation of a rate cut. Wall Street is awaiting the outcome of settlements by giant investment funds to control and diversify their contents, which requires the implementation of sales and purchases of US Treasury bonds and corporate bonds.

Yields on ten-year US Treasury bonds rose to 4.291%, while yields for two and five years rose. Broad-market exchange-traded funds, including IWM and IVV, were mixed on Monday, while US benchmark stock indexes traded mixed.