Dollar Jumps Most Since June as Yields Top 5%
The US dollar experienced its best day since June 17 as the Bloomberg Dollar Spot Index rose by up to 0.6% on Monday.
This comes after a flat performance on Friday, despite an unexpected increase in core inflation measures.
Treasury yields for the 10-year note have now reached their highest level since 2023, breaching the 5% mark for a fifth consecutive session.