Treasury yields rise Monday as traders await remarks by Federal Reserve Chairman Jerome Powell and continue to monitor developments in the Russia-Ukraine war.
Treasury yields moved higher Monday, building on a sharp rise over the past two weeks that has taken rates to multiyear highs, as investors awaited remarks by Federal Reserve Chairman Jerome Powell and continued to monitor the Russia-Ukraine war.
What are yields doing? What’s driving the market? Powell is scheduled to speak at an economic conference at noon, while Atlanta Fed President Raphael Bostic is slated to speak Monday morning. Major central banks, including the Fed, have signaled more concern over the ability of the war to stoke already strong inflation via surging prices for oil and other commodities rather than the hit to growth.