economy
Treasury yields edge higher as traders monitor factory data and Middle East developments
Treasury yields gained Monday as traders looked out for more U.S. factory data, while monitoring developments in the Middle East.
TL;DR
- U.S. Treasury yields increased on Monday.
- Traders are awaiting U.S. factory activity data.
- Developments in the Middle East are influencing borrowing costs.
- President Trump announced plans for U.S. forces to "guide" commercial vessels through the Strait of Hormuz.
- Iran's foreign ministry stated readiness to "respond to U.S. threats."
- U.S. factory order data for March is expected to show a 0.5% increase in demand.
- ISM manufacturing index for April remained at 52.7, unchanged from March.
- Prices paid by manufacturers reached their highest level since April 2022.
- John C. Williams of the Federal Reserve Bank of New York is scheduled to speak on monetary policy.