U.S. Treasury yields climbed on Monday, with the 10-year yield hovering just below the latest 15-year high it hit last week.
U.S. Treasury yields climbed on Monday, with the 10-year yield hovering just below the latest 15-year high it hit last week, as investors assessed the outlook for interest rates and awaited fresh economic data.was up by more than 5 basis points at 4.629%. It had reached 4.688% on Thursday, its highest level since Oct. 15, 2007.Sign up for NBC Philadelphia newsletters.Saturday night, less than three hours before the deadline.
Wall Street also weighed the outlook for the economy and monetary policy after Friday's release of the personal consumption expenditures price index, whichfor Federal Reserve monetary policy, especially on interest rates. Fed officials have indicated that a further interest rate hike may be necessary this year and rates are likely to stay higher for longer as policymakers work to ease the economy and cool persistent inflation.
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