Inflation fears drive US bond yields higher ahead of Fed meeting

U.S. government bond yields closed Monday at their highest levels in more than a decade, propelled by fears that persistent inflation could push the Federal Reserve to raise interest rates even higher and faster. provided that.

The yield on the benchmark 10-year Treasury note stood at 3.371%, according to Tradeweb, its highest close since April 2011 and up from 3.156% on Friday. The two-year Treasury yield — which often rises with expectations of Fed rate hikes — rose to 3.279%, a new 15-year high, from 3.047% on Friday.


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