Bond Report: Treasury yields rebound from five-month lows

Treasury yields rebounded off five-month lows Wednesday, maintaining the bounce after the Federal Reserve‘s Beige Book report painted a mixed economic outlook, but nonetheless showed a tight labor market that could stoke further inflation.

The yield on the 10-year Treasury note TMUBMUSD10Y, +0.40% jumped 2.5 basis points to 2.202%, after trading around 2.16% late Tuesday in New York. The yield on the two-year note TMUBMUSD02Y, +0.69% rose 0.4 basis point to 1.173%, while the yield on the 30-year Treasury bond TMUBMUSD30Y, +0.17% rose 2.2 basis points to 2.861%.

Bond prices move in the opposite direction as yields; one basis point is one hundredth of a percentage point.

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