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US treasury yields rise as curve remains inverted, with investors watching the Fed
U.S. Treasury yields were slightly higher on Monday but a key yield curve remained inverted, with investors assessing the Federal Reserve’s likely policy move next week. At around 3:20 a.m. ET, the yield on the benchmark 10-year Treasury note climbed to 2.9503% while the yield on the 30-year Treasury bond was up at 3.1033%. Yields move inversely to prices. The gap between the 2-year and 10-year yields remained inverted as the market weighs the possibility that the Fed will hike interest rates by 75 basis points at its meeting on July 26 and 27, rather than the more aggressive option of 100 basis points. The 2-year ... (full story)