New Year Sends Treasury Yields Higher

U.S. government bond yields rose Monday to their highest levels since November to start 2022, with returning traders betting the Omicron Covid-19 variant won’t shift central bank policy in the months ahead. 

The yield on the benchmark 10-year Treasury note finished Monday’s session at 1.628%, according to Tradeweb. That’s up from 1.496% at Friday’s close and the highest closing yield since Nov. 24.