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The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.
Federal Reserve Vice Chair Philip Jefferson said Treasury yields have risen further since the central bank’s September meeting, signalling that investors are reassessing the economic outlook as policymakers consider their next move.Future policy adjustments should depend on incoming data, the evolv…
US Bonds are down: Treasury yields extended gains, and the benchmark 10-year Treasury note hit a 24-year high, after closing out September with its biggest quarterly gain since 1994. But yields turned lower as buyers stepped in