U.S. 10-Year Yield at Almost 2-Month High Before Bernanke Talk

Treasury 10-year note yields traded at almost a two-month high before Federal Reserve Chairman Ben S. Bernanke discusses the economic outlook in congressional testimony this week.

The benchmark yields rose the past three weeks, the longest streak this year, as the economy showed signs of strength, prompting speculation the Fed may taper its monetary-stimulus program, known as quantitative easing. Fed Bank of Chicago President Charles Evans said the U.S. economy has improved “quite a lot.” The Fed publishes minutes of the April 30 to May 1 policy meeting on May 22, while Bernanke will testify that day on the economic outlook.