10-year Treasury yield tops 2% for the first time since 2019 after hot inflation

U.S. Treasury yields climbed on Thursday, with the benchmark 10-year rate breaching the 2% level, after key inflation data showed hotter-than-expected price pressures. The yield on the 10-year Treasury note jumped 12 basis points to about 2.05%, the first time that the benchmark rate reached 2% since August 2019. … The yield on the 2-year Treasury bond, the most sensitive duration to interest rates, surged 26 basis points to top 1.6%. The surge marked the 2-year’s biggest single day move since 2009.
Source: CNBC