US sharemarkets were weaker on Monday after the US State Department moved remaining embassy staff from the Ukrainian capital of Kyiv to Lviv. And St Louis Federal Reserve president James Bullard again called for higher interest rates. Traders are pricing in a 67% chance of a 50 basis point increase in the federal funds rate in March. Shares in Advanced Micro Devices rose 1.0% as the semiconductor firm finalised the purchase of Xilinx Inc in a deal valued at about $50 billion. At the close, the Dow Jones index was down by 172 points or 0.5%. The S&P 500 index was down 0.4%. And the Nasdaq index was down by just 0.2 points. US treasuries were weaker on Monday (yields higher). St. Louis Federal Reserve president James Bullard restated his call for a full percentage point of rate hikes by July 1. US 10-year yields rose by 5 points to 2.00%. US 2-year yields rose by 6 points to 1.58%.
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