10-year Treasury yield breaks above 5.14%; tech stock rebound weakens safe-haven demand; Fed rate hike expectations heat up again.

Zhitong Finance APP has learned that as the strong rebound in US technology stocks weakened market demand for safe-haven assets, US Treasuries fell broadly on Monday, pushing yields on Treasuries of all maturities up by 6 to 8 basis points. Among them, the 10-year US Treasury yield rose by more than 6 basis points to 5.14%, approaching the multi-year high reached recently. At the same time, traders have renewed their bets on Federal Reserve rate hikes next year and continue to expect the Fed to raise rates by 25 basis points in December this year.