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Inflation Fears Send U.S. Bond Yields Surging Ahead of Fed Meeting
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U.S. government-bond yields jumped toward their highest closing levels in more than a decade Monday, propelled by fears that persistent inflation could push the Federal Reserve to raise interest rates even higher and faster than expected.
The yield on the benchmark 10-year Treasury note climbed to a recent 3.325%, according to Tradeweb, up from 3.156% on Friday, on pace for its highest close since 2011. The yield on the two-year Treasury note—which often rises with expectations for Fed rate increases—rose to 3.252%, from 3.047% on Friday, which marked its highest settlement since 2007.
Read more on wsj.comAbout this in other media
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