U.S. Treasury yields fell on Monday morning, as investors digested data from the previous session, which showed workers quitting their jobs in record numbers.
gave up 3 basis points, falling to 1.9232%. Yields move inversely to prices and 1 basis point is equal to 0.01%.Data released by the Labor Department on Friday, showed that 4.43 million people in the U.S. quit their jobs in September, topping August's 4.27 million.
The University of Michigan Consumer Sentiment Index, also released on Friday, fell to 66.8 in November, its lowest point in a decade. Meanwhile, the latest consumer price index showed inflation had spiked to its highest levels since the early 1990s in October.
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