Rising 10-year U.S. Treasury yields reflect expectations that policies of President-elect Donald Trump could lead to higher inflation, Naga.com Middle East’s George Pavel said.
The higher bond yields reinforce the strength of the dollar, he said in a note. “The near- to medium-term outlook for U.S. bonds under Trump’s leadership suggests that yields are likely to remain elevated for some time,” he said.
The 10-year U.S. Treasury yield is trading at 4.361%, up 2 basis points from Friday, according to Tradeweb. Monday was a market holiday.
