Key insights
- US Treasury yields rose across the curve, with the 10-year yield increasing the most. The S&P 500 had a minor gain. Rising yields can pressure equity valuations, especially for growth stocks, but the muted market reaction suggests limited immediate concern. The unchanged credit default swaps indicate stable credit conditions.
Investing.com -- US Treasury yields moved higher across the curve during Monday afternoon trading, with the 10-year note posting the largest gain.
The 10-year Treasury yield rose 5.5 basis points to 4.41%. The 30-year bond yield climbed 4.8 basis points to 4.986%, while the 1-year yield added 3.2 basis points to 3.77%.
The yield spread between 5-year and 30-year Treasuries narrowed to 91.7 basis points from 93.4 basis points at the previous close.
The S&P 500 INDEX edged up 0.1% during the session. US 5-Year credit default swaps remained unchanged.
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