10-year Treasury yield hits 2.14% — its highest point since July 2019

The 10-year Treasury yield hit 2.145% on Monday, its highest level since July 2019, with investors focused on the Russia-Ukraine war and the Federal Reserve’s decision on interest rates. The yield on the benchmark 10-year Treasury note last jumped 12 basis points to 2.135%. The yield on the 30-year Treasury bond rose 10 basis points to 2.471%. … In addition to the war in Ukraine, investors are also looking ahead to the outcome of the Federal Reserve’s two-day policy meeting, which starts on Tuesday. The Fed is expected to announce on Wednesday that it will be raising its target funds rate by a quarter of a percentage point from zero.
Source: CNBC