U.S. TREASURY YIELDS EDGE HIGHER AS INVESTORS PREPARE FOR HOLIDAY-SHORTENED WEEK
U.S. Treasury yields ticked up on Monday as investors prepared for the holiday-shortened week which includes a number of major note auctions.
The 10-year Treasury yield — the benchmark for U.S. government borrowing — was up by 1 basis point, reaching 4.1647% by 4:00 a.m. E.T.
➡️Yields on the 2-year Treasury note remained largely unchanged at 3.4898%.
➡️The 30-year bond yield, meanwhile, rose almost 2 basis point to 4.8435%.
One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
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