Long-end Treasury yields jump on Monday as traders continue to absorb the Federal Reserve's higher-for-longer theme in interest rates.
Long-end Treasury yields jumped on Monday, on the way toward setting fresh multiyear high,s as traders continued to absorb the Federal Reserve’s higher-for-longer theme in interest rates.
The data highlight of this week comes on Friday with the release of the Fed’s favorite inflation gauge, known as the PCE, for August. Ahead of that, investors are wrestling with a growing list of risks, including a possible government shutdown.This week, the Treasury Department auction schedule includes the sales of $48 billion in two-year notes, $49 billion in five-year notes, and $37 billion in 7-year notes.
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