Treasury Yields Edge Higher

An article on CNBC

U.S. Treasury yields moved higher on Monday as Wall Street monitors the latest developments amid escalating tensions in the Middle East.

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 5 basis points to 4.594%.

The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was gained more than 3 basis points to 4.211%. The longer-dated 30-year Treasury bond yield also traded more than 5 basis points higher at 5.115%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

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