Investing.com - Global bond prices tumbled on Monday, pushing yields to multi-month highs as the post-U.S. election global sell-off in sovereign debt continued.
The yield on the U.S. 10-year Treasury note was up 11.2 basis points at 2.229% in early morning trade in New York, after rising to as high as 2.238%, a level not seen since January 6. The yield on the 10-year note was below 1.8% in the days leading up to the election.
Meanwhile, the 30-year yield gained 9.5 basis points to 3.009%, while the two-year yield rose 6.9 basis points to 0.976%.
U.S. yields have been on a tear following Donald Trump's U.S. election win last week, as traders reassessed the implications of a Trump presidency, with many seeing it ushering in higher economic growth and rising inflation.
Elsewhere, in Europe, yields on 10-year German Bunds were up by 4.6 basis points to 0.352%, the strongest since late-January, while those on equivalent maturity French bonds rose 5.7 basis points to 0.808%.
The U.K.’s benchmark 10-year gilt yields were 7.7 basis points higher at 1.442%, surpassing the levels last held shortly before the Brexit referendum in June.
Bond prices and yields move inversely.