News > US stocks gain, Treasury yields hit multi-year highs

US stocks gain, Treasury yields hit multi-year highs

Wall Street recovered some lost ground on Monday and benchmark U.S. Treasury yields hit a 3-1/2-year high at the start of an eventful week of corporate earnings, economic data, and an expected interest rate hike from the U.S. Federal Reserve.

All three major U.S. stock indexes were last modestly green as the 10-year Treasury yield crept closer to the 3% mark and touched its highest level since December 2018.