Treasury yields at 2 and 10-years carve out fresh 52-week highs and stocks get whipped around

Treasury yields at 2 and 10-years carve out fresh 52-week highs and stocks get whipped around

U.S. Treasury yields on Monday mostly added to their gains, with the 2-year and 10-year maturities establishing fresh 52-week highs with modest climbs on the session helping to stoke fresh volatility in equity markets.

Traders also are looking ahead to economic updates due out later in the week, including the important consumer-price index and a reading on U.S. retail sales. Ahead of that data, starting on Tuesday, many investors will be watching the confirmation hearing of Federal Reserve Chairman Jerome Powell, followed by one for Lael Brainard, the Fed governor who has been nominated to become the central bank’s No. 2 after Vice Chairman Richard Clarida steps down.

What are yields doing?
  • The 10-year Treasury note TMUBMUSD10Y, 1.758% yields 1.779%, up 1 basis point compared with 1.769% at 3 p.m. Eastern Time. Yields and debt prices move opposite each other.
  • The 2-year Treasury…

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