Treasury yields rose on Tuesday morning, with the 10-year rate climbing back above the 1.2% mark.
added close to 4 basis points, rising to 1.854%. Yields move inversely to prices and 1 basis point equals 0.01 percentage points.The 10-year Treasury yield fell to a five-month low of 1.189% on Monday, as investors grew concerned about the spread of Covid variants, as well as the effect of inflationary pressures on the economic recovery.
Covid cases are rising in the U.S., with the spread of the delta variant, largely among the unvaccinated. The U.S. is averaging about 26,000 daily cases in the last seven days, more than double the average from a month ago,
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