Treasury Yields at Highest Levels Since 2007 on Price Concerns
- Canadian inflation data spurred slide in domestic and US debt
- Fed meets this week to discuss next step for monetary policy
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US five- and 10-year yields rose to the highest levels since 2007 after hotter-than-anticipated inflation data in Canada and rising oil prices added to global concerns about resurgent price pressures.
The five-year Treasury yield rose as much as 7 basis points to 4.52%, the 10-year as much as 6 basis points to 4.365%. The two-year note’s yield came within a basis point of a new multiyear high.