Yield rise - Dollar index edges up on upbeat data; virus worries linger
U.S. Treasury yields rose onMonday as record-high job openings on top of stronger-than-expected employment gains in July added to the narrative of an improving labor market.
The benchmark 10-year yield, which hit its highest level since July 16 at 1.324%, was last up 2.9 basis points at 1.317%.
Dollar index edges up on upbeat data; virus worries linger
The U.S. dollar edged up on Monday to touch the highest in more than two weeks against a basket of currencies, buoyed by upbeat U.S. data, even as traders kept a close watch on the spread of COVID-19 cases in the United States.
The U.S. dollar index, which measures the greenback against a basket of currencies, was last up 0.09% at 92.937, its highest since July 23 and not far from its four-month high of 93.194.
Speculators cut their net long dollar positions in the latest week, data showed on Friday, but they are still positioned for the greenback to rise.
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