The 10-year Treasury yield hits a new 14-month high before crucial inflation data.
As investors anticipated important inflation data, the 10-year Treasury yield reached a new 14-month peak.
The 10-year Treasury yield marginally increased to 4.776%, the highest level since November 1, 2023, following a hotter-than-expected jobs report on Friday. Meanwhile, the 2-year Treasury yield rose by 1 basis point to 4.407%.
Yields and prices move in opposite directions, with one basis point equal to 0.01%.
Bond yields worldwide are increasing, as investors generally expect a decrease in the rate of interest rate reductions this year.
Amid signs of both potential economic strength and uncertainty delivered by the policies of President-elect Donald Trump, the U.S. Federal Reserve is being led by expectations to act with caution.
Nonfarm payrolls increased by 256,000 in December, surpassing the forecast of 155,000 jobs and rising from 212,000 in November.
The producer price index report will be released on Tuesday, while the consumer price index is expected to be published on Wednesday.
Markets
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