Treasury yields rise as inflation fears drive global bond rout
U.S. Treasury yields continued their ascent on Monday as global bond markets sold off amid concerns of resurgent inflationary pressures. The 10-year U.S. Treasury note yield — the key benchmark for U.S. government borrowing — was more than 2 basis points higher in the early hours, at 4.6173%, its highest level in 15 months. The longer-dated 30-year…