U.S. Treasury Yields Surge to Two-Month High

Treasury bond yields in the United States continued to rise for the fourth consecutive session on Wednesday, as a rise in inflation is reducing demand for long-term debt instruments.

The benchmark 10-year Treasury bond yield registered its biggest daily increase since March 18, rising by 0.071 to 1.695%

Meanwhile, the 30-year bond yield rose by 0.062 to 2.412%.

On the other hand, the two-year note yield settled near 1.66%.