10-year Treasury yield hits 14-month highs, topping 1.77%

The U.S. 10-year Treasury yield topped 1.77% on Tuesday, as coronavirus vaccine rollouts and planned infrastructure spending boosted hopes of a broad economic recovery, but added to inflation fears. The yield on the benchmark 10-year Treasury note jumped to 1.772% at 4:40 a.m. ET, a 14-month high. The yield on the 30-year Treasury bond rose to 2.456%. … The move comes a day ahead of President Joe Biden revealing details of his infrastructure plan. The recovery package will include up to $3 trillion in spending across a swathe of sectors in an effort to bolster the U.S. economy.
Source: CNBC – Bonds