Treasurys were under renewed pressure Monday, pushing up yields, as a selloff in equities let up and worries about inflation and recession remained.
Read:... Treasurys were under renewed pressure Monday, pushing up yields, as a selloff in equities let up and worries about inflation and recession remained. Biden also said the U.S. would respond militarily to defend Taiwan from aggression by China, appearing to break with the long-held U.S. policy of strategic ambiguity.
Minutes of the Fed’s May policy meeting are due on Wednesday, while the Fed’s preferred measure of price pressures, the core personal consumption expenditure, or PCE, inflation reading for April is set for release on Friday.
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