Bond Report: Treasury yields rise as traders hope for more details about Trump’s tax plans

Treasury yields ticked higher on Monday as investors were reluctant to open large positions ahead of President Donald Trump’s first congressional address, market strategists said.

The Wall Street Journal reported that Trump’s speech will focus on overhauling the tax code and health-care system. But investors are wondering if his comments about taxes will be similar to the broad-strokes statements he has made in the past, or if he will delve into greater detail about his plans and his hopes for pushing them through Congress.

The yield on the 10-year Treasury note TMUBMUSD10Y, +0.84% 2.8 basis points to 2.341%, while the yield on the two-year note TMUBMUSD02Y, +1.04% slipped two basis points to 1.168%.

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