US Dollar Builds on Last Week's Gains Against The Loonie as Treasury Yields Continue to Rise

01:49 PM EDT, 09/28/2026 (MT Newswires) -- The US dollar rose to the highest level since early-July against the Canadian currency on Monday afternoon, as US Treasury bond yields extended last week's gains. The greenback was last seen up 0.2% at CA$1.4168. US 10-year Treasury yields rose 5 basis points to 5.238%, a more than two-decade high on Monday, while US 30-year bonds were up 6 basis points to 5.566%, the highest level in more than 24 years. Comex gold futures for December tumbled 3.6% to $4,167.50 per ounce, the lowest level since early August. Oil prices while higher, having pared earlier gains as Saudi Arabia restarted its East-West pipeline, several media outlets reported. Over the weekend, the US rejected Iran's proposal to reopen the Strait of Hormuz. West Texas Intermediate November futures benchmark nudged up 0.01% to $92.42 per barrel. November Brent crude futures climbed 0.8% to $105.14 per barrel.