Bond Report: Treasury yields flat as investors await confirmation of March rate hike

Treasury yields were unchanged on Tuesday, with investors uniformly expecting the Federal Reserve to raise interest rates at its meeting next week and awaited conformation of the move.

While the day’s moves were slight, key bonds continued to yield near multiyear highs. The two-year bond, which is most sensitive to interest rate moves, yielded near its highest since 2008, while the benchmark 10-year bond had its highest yield in more than two years.

The yield on the two-year note TMUBMUSD02Y, +0.63% rose a 10th of a basis point to 1.310%, near its highest yield since November 2008, during the thick of the financial crisis.

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