Treasury Yields Slip After Hitting Multi-Year Highs

Treasury yields gave back early gains and settled just below Friday’s levels as investors weighed volatile oil prices and what they could mean for the global economy. After moving higher earlier in the session, the bond market cooled slightly by the close, with crude futures rising about 1%. That growth rate was slower than the roughly 5% pace seen earlier, and a dollar rally also lost momentum during the day. The report points to shifting expectations on inflation and growth tied to energy price swings as traders adjusted positioning.