U.S. Treasury Yields Surge Above 1.7%

Treasury bond yields in the United States surged on Thursday, after the Federal Reserve expected inflation to exceed 2% this year in its policy statement released yesterday.

The benchmark 10-year Treasury bond yield rose to 1.75% earlier in today’s session, reaching its highest level since January 24, 2020.

Now the yield is at 1.731%, rising by about 9 basis points.

Meanwhile, the return on the 30-year Treasury bond is up by about 4 basis points at 2.476%.

As for the two-year note yield, it is currently up by 3 basis points at 0.159%.