Treasuries-Bond yields rise as U.S., Iran resume attacks
SPY•Bond market reacts to Fed signals and upcoming labor data
Yields jumped on Friday after Warsh said the central bank would "have work to do" if policymakers were not confident inflation would return to its 2% target. That raised expectations for a September rate hike.
The yield on the 30-year bond US30YT=RR gained 4.8 basis points to a session high of 5.256% after touching 5.267%, its highest level since August 21. The yield is down about 2 basis points for the month.
A flurry of data on the labor market is scheduled to be released this week, culminating with the government's payrolls report on Friday.
A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes US2US10=TWEB, seen as an indicator of economic expectations, was at a positive 40.8 basis points.
The two-year US2YT=RR U.S. Treasury yield, which typically moves in step with interest rate expectations for the Fed, edged up 0.2 basis point to 4.352%. For August, the yield is up about 6 basis points and on track for a sixth straight monthly climb.
