Treasury Yields Retreat Amid Ongoing Inflation Concerns

U.S. Treasury yields retreated on Tuesday after surging on Monday, as concerns about inflation continued to influence expectations for Federal Reserve policy.

The 10-year Treasury yield dipped by 1 basis point to 5.2278%, while the 30-year yield fell 1 basis point to 5.466%.

Yields and bond prices have an inverse relationship, meaning that as yields rise, bond prices fall, and vice versa.

The sharp increase in Treasury yields on Monday pushed borrowing costs higher, reaching multiyear highs amid inflation concerns and rising government debt.