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    2-year Treasury yield hits new 2008 high

    Thomas Franck | Alexandra Gibbs
    Published 12 Hours Ago Updated 2 Hours AgoCNBC.com
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    U.S. government debtyields rose on Wednesday, with short-term rates hitting multiyear highs as investors looked to equities amid largely positive earnings reports.
    The two-year Treasury yield hit a fresh high of 2.431 percent, its highest level since Sept. 8, 2008 when the two-year yielded as high as 2.542 percent.
    The yield on the benchmark 10-year Treasury note rose 5 basis points to 2.86 percent at 2:42 p.m. ET, while the yield on the 30-year Treasury bond was 4 basis points higher at 3.042 percent. Bond yields move inversely to prices.

    Symbol  
    1 Yield  
    2   Change  
    3 %Change
    4 US 3-MO 1.818   0.026 0%
    5 US 1-YR 2.162   0.029 0%
    6 US 2-YR 2.431   0.045 0%
    7 US 5-YR 2.733   0.057 0%
    8 US 10-YR 2.875   0.061 0%
    9 US 30-YR 3.061   0.063
 
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