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10-year Treasury note yield hits highest level since 2002 as traders brace for key bond sale
Investors await Fed minutes and a 10-year note auction as the benchmark yield hits 5.307%, with traders pricing a 78% chance of unchanged rates.
Summary
U.S. Treasury yields climbed Wednesday, trading back around multiyear highs, as traders braced for the sale of 10-year notes at a time when rising yields have rattled investors around the world.
The yield on the 10-year U.S. Treasury note climbed to its highest level since 2002 as traders braced for a crucial bond auction. Specifically, the benchmark 10-year note rose by…More...
The yield on 10-year US Treasury bonds has risen to 5.35%, its highest level since 2002. Markets are focused on the $39 billion 10-year bond auction and the minutes from the Fed's September meeting.