U.S. long-dated Treasury yields rose in early Wednesday’s trade, with the benchmark maturity butting against the top of its recent trading range as market participants made room for new debt issuance from the U.S. and other major bond markets.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, 0.703% rose 2.8 basis points to 0.710%, while the 2-year note rate TMUBMUSD02Y, 0.140% stood pat at 0.156%. The 30-year bond yield TMUBMUSD30Y, 1.419% climbed 3.6 basis points to 1.423%. Bond prices move inversely to yields.
