U.S. Treasury yields were higher on Monday after struggling to unwind the big rally in government debt from weaker-than-expected economic data last week, while traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony and a fresh slew of labor-market data due later this week.What happened
The yield on the 2-year Treasury
BX:TMUBMUSD02Y
rose 7.5 basis points, climbing to 4.606% on Monday, from 4.531% last week. It was the largest one-day yield advance for the 2-year note since Feb. 16, according to Dow Jones Market Data.
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
was up 3.8 basis points at 4.218%, from 4.180% on Friday. It snapped a three-day streak of falling yields, according to Dow Jones Market Data.
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
gained 2.8 basis points, advancing to 4.354% from 4.326% on Friday. Monday’s climb was the largest one-day gain f …
Article Attribution | Read More at Article Source
The yield on the 2-year Treasury
BX:TMUBMUSD02Y
rose 7.5 basis points, climbing to 4.606% on Monday, from 4.531% last week. It was the largest one-day yield advance for the 2-year note since Feb. 16, according to Dow Jones Market Data.
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
was up 3.8 basis points at 4.218%, from 4.180% on Friday. It snapped a three-day streak of falling yields, according to Dow Jones Market Data.
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
gained 2.8 basis points, advancing to 4.354% from 4.326% on Friday. Monday’s climb was the largest one-day gain f …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]