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10-year note hits 19-year high with Fed decision eyed
NEW YORK: U.S. Treasury yields rose on Tuesday, with the benchmark 10-year Treasury note yield hitting its highest level since July 2007 as investors brace for what may be the first in a series of rate hikes from the Federal Reserve as it tries to tamp down inflation pressures. Bond markets around the globe saw yields rise, in part due to continued pressure from rising oil prices, which have boosted expectations for central banks around the globe to raise interest rates. The yield on the benchmark U.S. 10-year Treasury note rose 4.7 basis points to 5.008% after climbing to 5.041%, its highest ...
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