London, Monday, 21 March 2022
The benchmark 10-year Treasury yield advanced to a 33-month high of 2.25%, as expectations of higher interest rates dented appetite for government debt while investors continued to follow developments in the Russia-Ukraine war.
The Federal Reserve has already kick-started its monetary tightening, hiking interest rates by 25bps and signalling six more rate hikes this year to rein on higher inflation, which is running at a four-decade high.
Meantime, Ukraine’s President Volodymyr Zelenskyy warned that if peace talks with President Vladimir Putin fail, it could start a third global war.
Source: U.S. Department of the Treasury // (Edited by: The Decision Maker)