Bond Report: Treasury yields finish higher for second time in three sessions

Treasurys sold off on Monday, pushing yields higher for the second time in three sessions, as investors weighed Federal Reserve Chairman Jerome Powell’s recent efforts to damp rate-cut expectations.What happened The yield on the 2-year Treasury note BX:TMUBMUSD02Yjumped 9.1 basis points to 4.656% from Friday’s 4.565% level. The yield on the 10-year Treasury note BX:TMUBMUSD10Yrose 6.1 basis points to 4.286% from 4.225% Friday afternoon. The yield on the 30-year Treasury BX:TMUBMUSD30