Analysts at United Bankshares in Belgium pointed out in a report that the basic trend of long-term bond yields in the USA is still upward.
Analysts stated that this is because the market expects more fiscal stimulus measures to be introduced globally.
The analyst said, "These short-term measures will promote growth and inflation on one hand, and also bring higher credit spreads on the other."
Following the US market's closure on Monday, the current yield on the 10-year US Treasury bonds is reported at 4.34%, unchanged from last Friday.