Focusing on inflation raises Treasury yields

The 10-year US Treasury yield reached 3.17% on Monday morning as investors continued to focus on concerns about inflation and economic slowdown.

Benchmark yield 10-year government bond It rose 4 basis points to 3.1726% at 4am ET.Yield 30-year government bond Moved 4 basis points higher to 3.2659%. Yields are inversely proportional to price, and one basis point corresponds to 0.01%.

The 10-year rate reached 3% for the first time since 2018 at the beginning of last week and reached 3.14% by Friday.

The Federal Reserve announced a 50 basis point hike on Wednesday, but there are concerns that central bank efforts to combat rising inflation with more aggressive rate hikes could potentially drag economic growth. Caused.

This week’s investor focus will be on April’s inflation data, which will be released Wednesday.

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There are no major economic data releases scheduled to be released on Monday.

About it War in Ukraine, First Lady Gilbyden of the United States made a surprise visit to the country on Sunday. The United States and a group of seven countries have announced that they will increase short-term financial support to Ukraine as the war with Russia approaches three months.

The auction is scheduled to take place on Monday, with a 13-week invoice for $ 45 billion and a 26-week invoice for $ 42 billion.

— — CNBC’s Jesse Pond contributed to this market report.

Focusing on inflation raises Treasury yields

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