April 14, 2024
Treasury yields rise after Fed survey shows banks reported tighter lending standards; inflation data looms

Treasury yields rise after Fed survey shows banks reported tighter lending standards; inflation data looms

The 2-year Treasury yield rose Monday, extending the gain seen at the end of last week after a stronger-than-expected April jobs report, while investors assessed the latest Fed Senior Loan Officer Opinion Survey for signs that financial institutions have tightened lending standards after the collapse of three U.S. regional banks.

What happened

Market drivers

Yields continued to rise on Monday, following Friday data that showed the U.S. created a stronger-than-expected 253,000 new jobs in April and wages rose…

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