In traditional markets, the dollar index, which gauges the greenback’s exchange rate against majors, rose to 101.80, extending Friday’s 0.5% jump from 101.00. The yield on the two-year note gained nearly five basis points to 4.16%, extending the past week’s 15 basis points rise. The yield on the 10-year note rose to its highest level in a month at 3.54%. Bond yields began rising on Friday after Fed Governor Christopher Waller said the central bank hasn’t made much progress in bringing inflation down to its target of 2% and needs to lift interest rates further.
