U.S. Treasury Yields Pause After Last Weeks Global Bond Rout
Mumbai, May 19 -- U.S. Treasury yields were little changed on Monday, taking a breather after global bond rout that sent them sharply higher last week.
The 10-year U.S. Treasury note yield - the key benchmark for U.S. government borrowing - was less than 1 basis point higher at 4.60%. Earlier in the day, it hit its highest level in 15 months.
The longer-dated 30-year Treasury bond yield, which is more sensitive to political risks, also rose less than 1 basis point to 5.13%. It hit its highest level in almost a year last week. The 2-year Treasury note yield which tends to react in line with short-term Federal Reserve interest rate decisions, slipped more than a basis point to 4.06%.
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