U.S. Treasury yields were mixed on Monday as investors weighed the impact of the assassination attempt on former U.S. President Donald Trump and looked ahead to comments from Federal Reserve officials.
At 4:33 a.m. ET, the yield on the 10-year Treasury was up by over two basis points to 4.2100%. The 2-year Treasury yield was last down by more than one basis point to 4.4428%.
Yields and prices have an inverted relationship. One basis point equals 0.01%.
Investors considered the impact of the assassination attempt on Trump on markets and the economy as they believe it could boost his chances of winning back the White House later this year. Some investors have expressed concerns about Trump’s policies adding to inflation and causing budget deficits to rise if he became president again.
Bryn Jones, head of fixed income at Rathbones, told CNBC on Monday that there had been “remarkably little” commentary from economists on the shooting….
