Treasury yields climb as investors monitor omicron variant

Treasury yields rose on Monday as risk sentiment looked for a rebound following Friday's pullback.

Market expectations have grown for the Fed to zero in on combating inflation, following increasingly hawkish comments from policymakers.

Meanwhile the omicron variant has now been detected in almost one third of U.S. states, health officials said on Sunday, although the delta variant remains the dominant strain behind rising caseloads nationwide. Goldman Sachs on Saturday cut its U.S. GDP growth forecast for full-year 2022 to 3.8% from 4.2%, citing fresh uncertainty over economic reopening and global goods supply shortages due to the variant.Nonfarm payrolls increased by

, the Labor Department said Friday, which was below the 573,000 number economists surveyed by Dow Jones were expecting.

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