News Snapshot:
U.S. Treasury benchmark 10-year yields hit their highest in more than a decade on Monday and shares rebounded despite the message that the Federal Reserve means business tackling inflation ahead of another likely hefty interest rate hike this week. The yield on 10-year Treasuries hit 3.518%, its highest level since April 2011. The higher rate helped strengthen the dollar and weaken gold prices as other central banks also are expected to hike rates this week. Markets started to get the message from Fed Chairman Jerome Powell at the Jackson Hole banking symposium in August, but then investors remained in denial...
