Treasury yields climb as traders eye further stimulus, U.S. politics

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U.S. Treasury yields continued to climb on Tuesday morning, as traders eyed the possibility of further economic stimulus and the situation with U.S. politics. The yield on the benchmark 10-year Treasury note rose to 1.156% at 4:10 a.m.

ET, while the yield on the 30-year Treasury bond reached 1.888%. Yields move inversely to prices.Treasury yields moved higher, following President-elect Joe Biden's promise last week of further economic stimulus "in the trillions of dollars." More details will follow in a formal announcement on Thursday.House Democrats introduced an article of impeachment Monday against incumbent U.S. President Donald Trump for inciting a mob of his supporters who invaded the U.S. Capitol last week. Raphael Bostic, president of the Federal Reserve Bank of Atlanta, is due to speak again on Tuesday, at 9:30 a.m. ET and 11 a.m. ET. Fed Governor Lael Brainard is expected to make a speech at 9:35 a.m. ET, along with Dallas Fed President Robert Kaplan at 11 a.m. ET and Cleveland Fed President Loretta Mester at 12 p.m. ET. A January update for the IBD/TIPP economic optimism index, which measures Americans' outlook on the economy, is due out at 10 a.m. ET, along with November JOLTs job openings more...