U.S. Treasury yields continued to climb higher on Wednesday as investors digested the previous session’s dramatic market route triggered by a hot inflation reading. The yield on the 2-year Treasury, the part of the curve most sensitive to Fed policy, was trading 1 basis point higher at around 5:00 a.m. ET to reach 3.773%, at one point hitting as high as 3.805%, its highest level since November 2007. Tuesday’s session saw it surge 17 points. Yields move inversely to prices, and a basis point is equal to 0.01%. Meanwhile, the yield on the benchmark 10-year Treasury note was up just over one basis point, trading at 3.439%. The yield on the 30-year Treasury bond was up just over half of a basis point at 3.517%.
Source: CNBC – Bonds
