, have bolstered sentiment, said Marc Chandler, chief market strategist at Bannockburn Global Forex.
The major US stock indexes rose, as did the big bourses for Britain, Germany, France, Italy, and Spain, all closing up 1% or higher. US Treasury yields rose as the market prepared for the sale of $96 billion in debt this week and ahead of data on Friday, June 10, expected to show US inflation is still running hot.
The yield on 10-year Treasury notes was up 8.5 bps at 3.040%, the first time the benchmark’s yields have topped 3% in almost three weeks.