the 10year us treasury yield hit 317 on monday morning as investor focus remained on inflation and economic slowdown concerns the yield on the benchmark 10year treasury note climbed 4 basis points to 31726 at 4 am et the yield on the 30year treasury bond moved 4 basis points higher to 32659 yields move inversely to prices and 1 basis point is equal to 001 the 10year rate reached the 3 mark at the beginning of last week for the first time since 2018 and had hit 314 by friday the federal reserve announced a 50basispoint interest rate hike on wednesday but the central banks efforts to combat rising inflation with more aggressive rate raises has also sparked concerns that this could potentially drag on economic growth investor focus this week will be on april inflation data due out on wednesday there are no major economic data releases set to come out on monday regarding the war in ukraine us first lady jill biden made a surprise visit to the country on sunday the us and group of seven countries announced that they would increase shortterm financial support for ukraine as the war with russia nears the threemonth mark auctions are scheduled to be held on monday for 45 billion of 13week bills and 42 billion of 26week bills