U.S. Treasury yields rise on debt-ceiling worries

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U.S. Treasury yields rise on debt-ceiling worries
FRANKFURT (MarketWatch) -- U.S. Treasury yields edged higher Monday as investors reacted to the ongoing gridlock between the White House and Republican lawmakers over a path toward raising the government's debt limit and avoiding a potential default. The yield on 10-year Treasury notes rose by around 1.6 basis points to 2.98%, while the yield on 30-year T-bonds rose by around 4 basis points to 4.29%, according to FactSet Research data. Bond yields move in the opposite direction of prices. A deal on the debt limit is needed for the government to avoid running out of funds to pay its bills and other obligations after Aug. 2.

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