TREASURY YIELDS EDGE HIGHER AS TRADERS MONITOR FACTORY DATA AND MIDDLE EAST DEVELOPMENTS



🔺U.S. Treasury yields rose on Monday as traders awaited more data on U.S. factory activity and events in the Middle East continued to loom over borrowing costs.

🔺The 10-year Treasury yield — the benchmark for U.S. government borrowing — was more than 1 basis point higher in early trade, at 4.3979% by 5:10 a.m. E.T.

yields on the 2-year Treasury note, which are typically more sensitive to short-term Federal Reserve rate decisions, rose more than 2 basis points, reaching 3.9107%.

🔺Yields on the 30-year note increased by more than 1 basis point, reaching 4.9792%.

One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
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