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Treasury yields rise as investors weigh economic outlook
On Monday, U.S. Treasury yields saw a slight increase as investors evaluated the prospects for the American economy while earnings season continued.
The 10-year Treasury yield rose 7 basis points to 3.595%, while the 2-year Treasury yield jumped over 9 basis points to 4.198%.
It’s worth noting that yields and prices have an inverse relationship, and each basis point is equivalent to 0.01%, CNBC reported.
The rise in yields coincided with the ongoing earnings season, including reports from Charles Schwab and several other financial sector companies.
"Treasury yields rise as investors weigh economic outlook"
READ MORE: https://www.cnbc.com/2023/04/17/us-treasury-yields-investors-weigh-economic-outlook-bank-earnings.html
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