Treasury Yields Climb as Traders Seek Further Clues on Fed Path

Treasuries slipped as traders sought further guidance on the path of US interest rates following economic reports last week that muddied their assessment of price pressures.

The 10-year yield rose as much as four basis points to 4.52% as US trading restarted following Monday’s national holiday, climbing from its lowest closing level in a week and re-steepening the yield curve. Benchmark rates in Europe also increased for a second day amid concerns that more defense spending in the region will necessitate extra issuance.