10-year Treasury yield jumps to 3.51%, the highest level since 2011
Treasury yields ticked higher early Monday as traders anticipate the U.S. Federal Reserve's next moves in the face of persistently high inflation. The yield on the 2-year Treasury bond rose 7 basis points to trade at 3.93% at 6:41 a.m. ET, trading around levels not seen since 2007. The yield on the 10-year Treasury, meanwhile, gained nearly 5 basis points to 3.494%. ... The Fed's two-day meeting is due to begin Tuesday, with most market participants expecting another 75-basis-point hike by the central bank. Some analysts have, however, argued the Fed could increase interest rates by a full point, or 100 [...]