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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