The 10-year US Treasury bond yield gained more than 1% on Monday and touched its highest level in nearly 1 year at 1.394%. After staging a correction and losing 1.7% on Tuesday, the 10-year T-bond yield regained its traction and advanced above 1.4% for the first time since February 24, 2020. As of writing, the yield on the 10-year reference was up 5.2% on the day at 1.412%. Supported by this market development, the US Dollar Index started to edge higher in the early American session and was last seen rising 0.2% on the day at 90.35. (full story)