Treasury Yields Climb After US Deal Returns Focus to Rate Hikes

Traders mull expectations for a rate hike in November
Bond yields pushed higher across the curve on Monday

WATCH: As US lawmakers reached a deal to avoid a government shutdown, the focus turns back to the Fed. Valerie Tytel has more.Source: Bloomberg

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By Ruth Carson

October 2, 2023 at 1:30 AM UTC

This article is for subscribers only.

Treasuries began the week on the back foot after a US government shutdown was averted, eliminating a point of uncertainty for traders and returning their focus to the path ahead for interest rates.

Yields climbed across the curve in Asia trading Monday, with those on 10-year debt rising as much as five basis points to 4.62%. Five-year yields rose by a similar amount to 4.66%, approaching once more a 16-year high.