Treasury Yields Slump to Start the Week

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U.S. Treasury yields slumped on Monday morning, as investors digested signals that more aggressive interest rate hikes are on the horizon.

Julian Howard, head of multi-asset solutions at GAM, told CNBC's"Squawk Box Europe" on Monday that he believes that talk of a 75-basis-point interest rate hike by some policymakers, in an attempt to control inflation, was"totally the wrong policy and is actually going to damage the economy."

"Do we really want a recession in order to defeat inflation? I think that's almost verging on policy error," Howard said.

 

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