U.S. Treasury yields rose on Monday morning, as concerns about inflation and economic growth remained in focus for investors.
moved 3 basis points higher to 3.027%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
Treasury yields moved lower throughout last week, as investors looked to find a safe haven in government bonds, amid heavy selling in stock markets. The S&P 500 briefly dipped into bear territory on Friday, with the benchmark index falling 20%. However, U.S. stock futures were on the rise on Monday morning, with investors appearing to rotate slightly out of bonds, pushing yields up.
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