U.S. Treasury yields edged higher on Monday after the U.S. and China agreed to slash tariffs on each other’s goods, which investors welcomed. The 10-year Treasury yield rose nearly eight basis points to 4.433% at 6:42 a.m. ET, the 2-year Treasury yield soared more than nine basis points to 4.006%.
The market is also bracing for a batch of economic data this week, showing how trade tensions have impacted the economy since U.S. President Donald Trump implemented reciprocal tariffs on global trade partners in early April.
Investors are waiting for April’s consumer price index reading, which is due on Tuesday morning, and the producer price index and retail sales data on Thursday.
