Bond Rout Lifts US Yields to Multiyear Highs to Open New Quarter
- Five- to 30-year yields rise more than 10 basis points on day
- Expectations for another Fed rate increase edge higher
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Treasury 10-year and 30-year yields reached new multiyear highs Monday as a selloff in bonds resumed in the kickoff to trading in the final quarter of the year.
Yields across the Treasury curve rose by more than 10 basis points on the day for notes and bonds maturing in five to 30 years. The benchmark 10-year note’s nearly touched 4.70%, the highest level since 2007, while the 30-year bond’s exceeded 4.81%, the highest since 2010.