2-year Treasury yield reaches highs not seen in more than a decade

U.S. Treasurys climbed on Thursday as investors considered the prospect of further interest rate hikes by the Federal Reserve and awaited fresh economic data. At 5:46 a.m. ET, the yield on the benchmark 10-year Treasury was up by 2.6 basis points to 4.022%, trading above the 4% mark at levels last seen in early November. The 2-year Treasury yield was last trading at 4.887%. Earlier in the session it had risen as high as 4.937%, a level last seen in mid-2006 according to CNBC calculations based on Refinitiv data. Yields and prices have an inverted relationship and one basis point equals 0.01%.
Source: CNBC – Bonds