US 10-year Treasury yields hold onto Friday’s recovery moves.
On the other hand, the US 10-year Treasury yields extend the previous day’s recovery moves while rising 6.4 basis points to 2.947% by the press time. In doing so, the key bond coupon approaches the four-year high marked during late April surrounding 2.98%. Although a 0.50% rate hike by the Fed is almost given, traders are concerned more about the balance sheet normalization and the pace of the rate hikes in near future.
Source: News Formal (newsformal.com)
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