Longer-dated U.S. Treasury yields rose as investors watched with concern the escalating Trump administration attacks on Federal Reserve chairman Jerome Powell, that continued over the weekend and on Monday.
The yield on the benchmark U.S. 10-year Treasury note was up 5.2 basis points on Monday morning trading to 4.379%. The yield on the 30-year bond rose 6.6 basis points to 4.875%.
White House economic adviser Kevin Hassett on Friday said President Donald Trump and his team were continuing to study whether they could fire Powell, a sign that such a move, which would have wide consequences for global markets, is still an option.
Hassett’s remarks came a day after Trump ramped up a long-simmering feud with the Fed chair, accusing Powell of “playing politics” by not cutting interest rates and asserting he had the power to evict Powell from his job “real fast.”
On Friday Trump told reporters during an Oval Office event, “If we had a Fed…
