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.
(20min delay)