Treasury yields continue to climb, 10-year Treasury yield tops 1.55%

The 10-year U.S. Treasury yield climbed back above 1.56% early on Wednesday, ahead of the release of ADP’s September employment change report due later in the morning. The yield on the benchmark 10-year Treasury note rose 3 basis points to 1.564% at 3:20 a.m. ET. The yield on the 30-year Treasury bond jumped nearly 4 basis points to 2.137%. Yields move inversely to prices and 1 basis point is equal to 0.01%. The 10-year rate topped 1.56% last week, which was its highest point since June, amid inflation and tighter monetary policy concerns.
Source: CNBC – Bonds