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U.S. Treasury Yields Rise Amid Hopes for Economic Recovery

M. Ali 4 February, 2021 1:46 am Market Update

Treasury yields in the United States rose on Wednesday, amid anticipation for wider vaccines rollouts, anticipation for increased government stimulus by the Biden administration, and increased hopes for economic recovery in 2021.

The benchmark 10-year Treasury bond yield increased by 2.4 basis points to 1.129%.

The return on the 30-year bonds leveled up by 3.4 basis points to 1.911%, reaching its highest level since late February of last year.

Meanwhile, the two-year note yield remained nearly unchanged at 0.115%.

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