breaking

Treasury Yields Stabilize Monday After Global Bond Selloff; Inflation Concerns Persist

U.S. Treasury yields were little changed on Monday following a sharp global bond selloff last week. The 10-year Treasury note, a key benchmark for government borrowing, gained less than 1 basis point. Earlier in the day, it hit its highest level in 15 months. The 30-year Treasury bond yield rose less than 1 basis point, reaching its highest level in almost a year. The 2-year Treasury note yield slipped more than 1 basis point to 4.01%. Deteriorating U.S.-Iran negotiations and sustained oil prices sparked inflation concerns that drove yields higher last week. Treasury Secretary Scott Bessent met with G7 colleagues and central bankers in Paris as elevated inflation and public debt concerns weighed on markets globally. The yield spike extended worldwide. Germany's 10-year bund hit its highest level since May 6, 2011. Japanese 10-year yields climbed to their highest level since May 28, 1997, while the 30-year JGB reached record highs dating to 1999. British 10-year gilts reached their highest level since July 2, 2008. ECB President Christine Lagarde acknowledged market volatility concerns as policymakers navigate competing pressures on interest rates.