U.S. government-bond yields closed at their highest levels in more than a decade on Monday, propelled by fears that persistent inflation could push the Federal Reserve to raise interest rates even higher and faster than already expected.
The yield on the benchmark 10-year Treasury note settled at 3.371%, according to Tradeweb, its highest close since April 2011 and up from 3.156% on Friday. The yield on the two-year Treasury—which often rises with expectations for Fed rate increases—rose to 3.279%, a new 15-year high, from 3.047% on Friday.
