Bond Report: Treasury yields tick higher as stock jitters persist

Treasury yields rose slightly in early Monday trading ahead of key economic data during a week where investors will mostly eye the continued weakness in stocks and geopolitical jitters.

The 10-year Treasury note yield TMUBMUSD10Y, +0.03% was up 1.1 basis points to 3.152%, while the 2-year note yield TMUBMUSD02Y, +0.00% rose 0.9 basis point to 2.849%. The 30-year bond yield TMUBMUSD30Y, +0.03% advanced 1.7 basis points to 3.333%. Bond prices move in the opposite direction of yields.

Much of the momentum in the bond market last week was driven by the ups and downs in equities, as market participants came to grips with the growing implications of rising rates.

>>> Original Source <<<