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
