U.S. Treasurys saw renewed selling pressure as investors returned Tuesday from a holiday, pushing the yield on the 10-year note above 3.25% to an 11-year high.
What are yields doing?
The yield on the 10-year Treasury note, which serves as a benchmark for a wide range of lending activities, rose 2.4 basis points to 3.254%, pushing above the 3.25% threshold for the first time since late April 2011, according to FactSet. Yields and debt prices move in opposite directions.
The 2-year note yield was off 0.4 basis point at 2.881%, while at the long end, the 30-year Treasury bond yield rose 3.1 basis points to 3.435%.
