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Treasury yields are rising with inflation in the spotlight

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Yields on the 10-year U.S. Treasury reached 3.17% on Monday morning as investors continued to focus on inflation concerns and a slowdown in the economy.

Yield per benchmark A 10-year Treasury note rose 4 basis points to 3.1726% at 4 a.m. ET. Yields on 30-year treasury bonds moved 4 basis points higher to 3.2659%. Yields are moving back in price, and 1 basis point is 0.01%.

The 10-year figure reached 3% early last week, for the first time since 2018, and reached 3.14% by Friday.

The Federal Reserve announced an interest rate hike of 50 basis points on Wednesday, but the central bank’s efforts to combat rising inflation through more aggressive rate hikes have also raised fears that it could potentially slow economic growth.

Investors will focus on this week’s April data on inflation, which should appear on Wednesday.

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There are no major releases of economic data on Monday.

Relative war in Ukraine, US First Lady Jill Biden paid an unexpected visit to the country on Sunday. The United States and the G7 countries have announced they will increase short-term financial support for Ukraine as the war with Russia nears a three-month mark.

Auctions for $ 45 billion for 13-week and $ 42 billion for 26-week auctions are scheduled for Monday.

Jesse Pound of CNBC contributed to this market report.

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