Business & Economy
Treasury yields continue to rise after 10-year hit 19-year high as investors ramp-up rate hike bets
Treasury yields maintained their upward momentum early Thursday after hitting a 19-year high in the previous session, following a U.S. business activity print that amplified expectations for Federal Reserve interest rate hikes.
AI Summary
Treasury yields kept rising early Thursday after the 10‑year benchmark hit a 19‑year high the day before. The 10‑year yield climbed one basis point to 5.124% after jumping more than 13 basis points to 5.104% on Wednesday. The increase followed a U.S. business activity report that strengthened expectations for further Federal Reserve rate hikes. No additional details were provided about future moves or market reactions.
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