By Sara Sjolin
LONDON (MarketWatch) -- U.S. Treasury yields continued to rise in early action on Monday, keeping the 10-year yield 10_YEAR +0.95% above a two-year high amid jitters over monetary policy. The yield on the 10-year paper rose 3 basis points to 2.857%, after trading as high as 2.873% earlier in the day, according to FactSet. On Friday, the 10-year note yield rose 6 basis points to 2.824%, marking the highest close since July 2011 and a 75% jump since it bottomed out in mid-May, according to Dan Greenhaus, chief global strategist at BTIG LLC. The yield on the 30-year bond 30_YEAR +0.68% rose 2 basis points on Monday to 3.871%.
