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10-year Treasury yield hits its highest level since 2014 The...

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    10-year Treasury yield hits its highest level since 2014

    • The yield on the 10-year Treasury note hit 2.96 percent Friday, hitting its highest level since Jan. 10, 2014.
    • "We've seen a bounce in the economic activity and a bounce in the inflation numbers," said Robert Tipp, chief investment strategist at PGIM Fixed Income.
    • Burgeoning inflation expectations led to a rise in interest rates earlier this year, sparking a widespread equity sell-off.
 
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