Treasury yields fall Monday as investors show renewed appetite for safe havens after the U.S. and its allies added new sanctions against Russia over the...
Treasury yields fell Monday as investors showed renewed appetite for safe havens after the U.S. and its allies added new sanctions against Russia over the weekend as a result of its invasion last week of Ukraine.
Adding to jitters, Russian President Vladimir Putin on Sunday put the country’s nuclear forces on high alert in response to the global backlash against the invasion. Meanwhile, investors were wrestling with the implications of the invasion on the outlook for inflation and how central banks, particularly the Federal Reserve, will respond. Commodity prices have surged in the wake of the invasion, with crude oil CL.1 BRN00 trading near $100 a barrel, while a jump in wheat W00 and corn C00 futures stoked food-inflation worries.
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