Treasury yields largely flat on the back of weaker jobs report

Treasury yields largely flat on the back of weaker jobs report

Bonds yields were largely flat with only marginal upward movement on Monday as investors continued to digest The numbers came in below expectations, signaling to markets that the Federal Reserve would likely keep up its loose monetary policy. The yield on the benchmark moved slightly higher to 1.578%, while the yield on the ticked up to 2.258%. Yields move inversely to prices. , dipped slightly to $1,885 per ounce, after having held above the key level of $1,900 for several days from the end of May. Oil continued its rally with international benchmark Brent crude hitting multi-year highs on Monday on improving demand outlook and optimism on economic recovery. , heralding President Joe Biden's $4 trillion spending proposal as something that would be good for the U.S., even if it created a rise in inflation. She also said that for the country. Washington lawmakers' tug-of-war over an infrastructure spending package continues to be in focus. Democrats on Wednesday will begin preparing an infrastructure bill for a vote in the House, with or without Republican backing. President Joe Biden will once again discuss the possibilities for a deal with Republican leaders Monday after rejecting the GOP's latest bill offer for a