U.S. Treasury yields slid on Monday morning, as investors monitored developments in the Russia-Ukraine conflict.
dropped more than 6 basis points to 2.2270%. Yields move inversely to prices and 1 basis point is equal to 0.01%.Investors have been piling into safe haven investments like U.S. government bonds since Russia launched an invasion on Ukraine on Thursday morning, which has pushed yields lower.
Russia continued to advance into Ukraine over the weekend. Russian military vehicles entered Ukraine's second-largest city Kharkiv, with reports of fighting taking place and residents being warned to stay in shelters. Russian President Vladimir Putin put his country's nuclear deterrence forces on high alert on Sunday amid a growing global backlash against Russia's invasion of Ukraine. Despite the escalation, Ukraine's Defense Ministry said representatives for Ukraine and Russia have agreed to meet on the Ukraine-Belarus border "with no preconditions."
Western allies have announced more sanctions against Russia. The U.S., European allies and Canada agreed Saturday to remove key Russian banks from the interbank messaging system, SWIFT.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine live updates: Ukraine says Russia will be disconnected from SWIFTGerman Chancellor Olaf Scholz announces Germany is dropping its historic position of not providing lethal military aid to conflict zones, saying Russia's 'invasion marks a turning point.'
Read more »
Russia-Ukraine live updates: Putin puts nuclear forces on high alert; Ukraine announces talks with RussiaUkrainians held Kyiv and Kharkiv as Putin's invasion intensified, and President Volodymyr Zelensky accused Russia of attacking civilians.
Read more »
US to send missiles to Ukraine; Ukraine agrees to meet with Russia on Monday - live updatesRussian troops have reached Kharkiv, Ukraine. The EU says it will finance military equipment to help Ukraine, and the U.S. approved sending missiles.
Read more »
US to send missiles to Ukraine; Ukraine agrees to meet with Russia on Monday - live updatesRussian troops have reached Kharkiv, Ukraine. The EU says it will finance military equipment to help Ukraine, and the U.S. approved sending missiles.
Read more »
Russia attacks Ukraine: U.N. General Assembly will meet Monday (live updates)Follow along for the latest on the U.S. response to tensions between Russia and Ukraine.
Read more »
Russia-Ukraine conflict live updates: Ukraine fights to hold KyivRUSSIA-UKRAINE CONFLICT LATEST: • Ukraine fights to hold Kyiv as Russian army closes in • Zelenskyy vows 'we will protect our country,' urges his people to join him in defiance (Photo: A damaged apartment building in Kyiv 📷 Gleb Garanich / Reuters)
Read more »