Oil prices rose as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil.Treasury yields climbed on Monday following capital and durable goods orders data and as pending home sales surprised to the upside from the previous month.
The yield on benchmark 10-year Treasury notes last reached 3.1847% on Tuesday, compared with its U.S. close of 3.194% on Monday. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 3.0974% compared with a U.S. close of 3.123%. Also, the U.S. dollar edged lower versus major rivals as investors weighed expectations on inflation and interest rate hikes. The dollar index , which tracks the greenback against a basket of currencies of other major trading partners, was down at 103.91.Register now for FREE unlimited access to Reuters.com
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Wall Street elite investor worries: recession, inflation, stock market crash, and Fed mistakesWall Street's elite investors are convinced a recession is all but inevitable — and the stock market's collapse has only just begun looking that way over here too ☹️ 'Don't you see? Mr. Potter is buying, not selling.
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