Economics
Treasury 10-Year Yield Reaches Highest Since 2011 Amid Fed Bets
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Treasury 10-year yields touched the highest level in more than two years as signs of a quickening economic recovery boosted speculation the Federal Reserve will keep reducing monthly debt purchases.
The benchmark yield rose above 3 percent for the first time in three months as investors weighed the Fed’s decision last week to reinforce its commitment to low interest rates while starting to cut bond-buying in January. Citigroup Inc.’s Economic Surprise Index climbed yesterday to the highest since October, signaling an improving economy.