10-year Treasury yield hits 1.9% as investors bet on rate hikes

The 10-year U.S. Treasury yield hit 1.9% on Wednesday morning, its highest point since December 2019. The yield on the benchmark 10-year Treasury note moved 2 basis points higher to 1.8916% at 4 a.m. ET. The yield on the 30-year Treasury bond climbed 1 basis point to 2.2036%. … The 10-year rate surged on Tuesday, topping 1.87%, amid growing investor anticipation that the Federal Reserve could soon start to hike interest rates. The two-year Treasury yield, which reflects short-term interest rate expectations, also topped 1% for the first time in two years. It remained higher on Wednesday morning, hovering above 1.06%.
Source: CNBC – Bonds