Treasury Yields Soar as Wall Street Awaits Fed Update

Wall Street started the week on a sour note as Treasury yields jumped higher, causing the Dow to fall 272 points on Monday. This spike in long-term yields saw the 30-year Treasury yield reach its highest level in 20 years.

Investors are now eagerly awaiting the Federal Reserve's update on Wednesday, with most economists predicting that interest rates will remain unchanged through the end of the year, according to a Reuters poll.

Meanwhile, BlackBerry is making a comeback, but not as the smartphone company many consumers remember. The company has shifted its focus towards software development and recently reported its first positive quarter. Its shares have climbed 150% over the past year after it started developing operating systems for industries including automobiles, robotics, and defense.