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U.S. Treasury yields jumped on Tuesday. Today’s session has pushed the 10 year Treasury note back to its highest level since June.
The 10-year U.S. Treasury yield rose, surpassing the 1.6% level. The yield on the benchmark note added 5.7 basis points at 1.641% level.
Yields on 30-year Treasury bonds also surged by 7.4 basis points to 2.091%, so, yields move inversely to prices and 1 basis point is equal to 0.01%.
As the stock market rose and investors awaited speeches from Federal Reserve members ahead of the central bank’s next policy meeting in early November when it may announce the start of a reduction in its monthly bond purchases.
After a significant jump on Monday, Treasury yields opened steady Tuesday, but began to drift higher later in the morning in the same positive direction as U. S. stocks.
