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The 10-year US Treasury bond yield gained more than 1% on Monday and touched its highest level in nearly 1 year at 1.394%.

After staging a correction and losing 1.7% on Tuesday, the 10-year T-bond yield regained its traction and advanced above 1.4% for the first time since February 24, 2020. As of writing, the yield on the 10-year reference was up 5.2% on the day at 1.412%.

Supported by this market development, the US Dollar Index started to edge higher in the early American session and was last seen rising 0.2% on the day at 90.35.

FOMC Chairman Powell to deliver identical remarks to House Financial Services Committee.

 

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