Long-term Treasury yields hit multiyear highs and the dollar climbed on Monday as investors took cues from central bankers and prepared for a lengthy period of high US interest rates.
The yield on the benchmark 10-year US Treasuries rose 0.10 percentage points to 4.54 per cent, their highest level in 16 years, while that on the 30-year note was up 0.14 percentage points to 4.66 per cent, the highest level since 2011.
In Europe, the yield on the 10-year German Bund, the regional benchmark, rose to 2.81 per cent, also its highest level since 2011. Bond yields rise as prices fall.
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