The 10-year U.S. Treasury yield topped 1.54% on Tuesday morning, its highest point since June, amid concerns around persisting inflation. … Federal Reserve Chairman Jerome Powell, in prepared remarks to be delivered on Tuesday, warned that higher inflation may last longer than anticipated. … In the prepared speech, he said that economic growth has “continued to strengthen” but has been met with upward price pressures caused by supply chain bottlenecks and other factors. “Inflation is elevated and will likely remain so in coming months before moderating,” Powell said.
Source: CNBC – Bonds
