On Monday, Treasury markets experienced a lack of clear direction throughout the trading session, ultimately closing with slight declines.
The prices of bonds ended the day lower after spending much of the session around the unchanged mark. As a result, the yield on the benchmark ten-year note, which inversely relates to its price, increased by 2.7 basis points to 4.803 percent.
This rise in the ten-year yield follows an earlier gain of 8.3 basis points from the previous session, marking the highest closing level in over a year.
Treasury markets faced pressure due to ongoing concerns regarding interest rate forecasts, spurred by last Friday's unexpectedly strong monthly employment data.
In the days ahead, reports on consumer and producer price inflation are expected to offer further clarity on rate predictions.
Additionally, upcoming reports on weekly jobless claims, retail sales, and industrial production are anticipated to draw significant attention later in the week.
The material has been provided by InstaForex Company -
www.instaforex.com
