2-year Treasury yield hits highest level since 2007 to start September as traders look ahead to jobs data

Treasury yields rose Thursday after data showed a significant slowdown in private payroll growth and U.S. equities continued a sell-off. The 10-year Treasury yield was up 6 basis points to 3.1984% at 5 a.m. ET, while the yield on the 30-year Treasury bond gained 5 basis points on the day to 3.3107%. The 2-year Treasury note yield was 4 basis points higher, trading at 3.4953%. The yield on the short-term note has not been this high since 2007. … Yesterday, a jobs report from payroll processing company ADP showed U.S. private payrolls grew by 132,000 in August, a deceleration from 268,000 in July.
Source: CNBC – Bonds