Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook
The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.
By Masaki Kondo · Bloomberg Markets
The US benchmark yield climbed to the highest since 2002 with persistent inflation, massive government borrowing and strong economic growth keeping interest-rate expectations elevated.