The 10-year U.S. Treasury yield topped 2.34% on Tuesday morning, following hawkish comments made by Federal Reserve Chairman Jerome Powell in the previous session. … Powell said in a speech on Monday that “inflation is much too high.” He said the Fed would continue to raise interest rates until inflation is under control, and that hikes could get even more aggressive than last week’s 25 basis point increase.
Source: CNBC – Bonds
