2-year Treasury yield hits new 2008 high Thomas Franck |...

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