US bond yields drop to 3.09% after reaching a high level

Yields on most US Treasuries fell Monday amid profit-taking after the benchmark 10-year Treasury yield hit a three-and-a-half-year high as inflation fears continued to shake markets.

The yield on the 10-year bond was trading at 3.0911% after posting in 3.20% above, the highest level since November 2018.

The latest US inflation data to be released on Wednesday is expected to show that the pace of the main consumer price index slowed to 6.0% in April, while the general consumer price index fell to 8. , 1%, 6.5% and 8.5%. , respectively, according to the expectations Economic experts.

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