Greg Dimarzio, Rockland Trust vice president and portfolio manager, joins 'Power Lunch' to discuss why he says rising bond yields aren't bad news for the market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
U.S. Treasury yields bounced higher on Monday, continuing their upward momentum from last week as the Federal Reserve moves closer to easing off its pandemic-era policies.
The yield on the benchmark 10-year Treasury note climbed above the key 1.5% level in early trading, at one point rising above 1.51%. The yield was up by 1.9 basis points to 1.48% in afternoon trading. The yield on the 30-year Treasury bond rose slightly to 1.992%. Both measures are trading near their highest levels in roughly three months. Yields move inversely to prices and 1 basis point is equal to 0.01%.
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