2-year Treasury note tops 3.9% as investors anticipate further Fed rate hikes

U.S Treasury yields rose further on Friday after major indices were down in premarket trading as investors anticipated further interest rate hikes to curb inflation. The Yield on the 2-year Treasury bond climbed above 3.9%, a level it had not seen since 2007. … The 2-year Treasury is highly sensitive to policy decisions as it is widely recognized as in indicator of how investors think central bank policy will develop in the near future. … robust economic data indicated to investors that the Fed could comfortably continue hiking interest rates without running the risk of putting too much pressure on the economy.
Source: CNBC – Bonds