U.S. Treasury 10-Year Yield Exceeds 2% for First Time Since 2019
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The U.S. 10-year yield rose above 2% for the first time since August 2019 amid a broad Treasury-market selloff driven by expectations for quicker Federal Reserve interest-rate hikes to contain faster-than-predicted inflation.
The current 10-year yield rose as much as 6.3 basis points to 2.005%, extending its 2022 increase to nearly 50 basis points.