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Treasury 10-Year Yield Briefly Tops 1.75%, Approaching 2021 High

  • U.S. debt on pace for worst week in more than a year
  • Fed policy stance and corporate bond supply are factors
A statue of Albert Gallatin, former U.S. Treasury secretary, stands outside the U.S. Treasury building in Washington, D.C.

A statue of Albert Gallatin, former U.S. Treasury secretary, stands outside the U.S. Treasury building in Washington, D.C.

Photographer: Andrew Harrer/Bloomberg
Updated on

The 10-year Treasury note’s yield briefly topped 1.75%, approaching its 2021 high, deepening one of the biggest weekly selloffs in U.S. government debt in years.

The benchmark note’s yield rose as much as 4.6 basis points to 1.751%, within three basis points of last year’s high, reached on March 30. After retreating to around 1.73% it remains about 22 basis points higher on the week, on track for its biggest weekly increase since June 2020.