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U.S. Treasury yields start the week higher as traders assess rate hikes, recession risk

From cnbc.com

U.S. Treasury yields were higher to start the week as market players assessed the prospect of central banks implementing more interest rate hikes to curb soaring inflation. The yield on the benchmark 10-year Treasury note was trading higher by 4 basis points at 3.164% at 3:30 a.m. ET. Meanwhile, the yield on the 30-year Treasury bond also rose around 4 basis points to 3.301%. Yields move inversely to prices.On the data front, traders are expecting the latest reading of durable goods orders to come out Monday before the opening bell. They are also watching for the pending home sales report, which is expected at 10 ... (full story)

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  • Category: Fundamental Analysis