Fed Rate Hike Odds Rise Amid Oil Price Spikes
Bond traders are increasingly betting that the Federal Reserve could raise interest rates this week due to higher oil prices and renewed inflation concerns.
The benchmark 10-year Treasury yields climbed 13 basis points on Sunday, hitting multi-month highs.
This has led bond investors to believe that a Fed rate hike may be imminent, with some seeing it as a possible target for this week's meeting.