U.S. bonds on Monday extended a rout sparked last week by strong economic data and pushback from the Federal Reserve on the potential timing and magnitude of interest-rate cuts this year.
The benchmark 10-year Treasury yield BX:TMUBMUSD10Y rose to 4.163% on Monday, a roughly 30 basis-point jump from the start of February as rates used to finance the economy sharply increased. Bond yields and prices move in the opposite direction.
“The…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here
