Bond Report: Treasury yields rise as investors look ahead to June rate hike

Treasury prices fell Thursday, allowing yields to continue their rise a day after Federal Reserve policy makers indicated the central bank would gradually hike rates this year, helping to overcome some investor’s suspicions that weak economic data would stay the Fed’s hand on future increases.

The yield on the 10-year note TMUBMUSD10Y, +1.59% moved up 2.1 basis points to 2.341%. Bond prices move inversely to yields.

The yield for the 2-year note TMUBMUSD02Y, +1.85% budged up 1.2 basis point to 1.31%, while the yield for the 30-year TMUBMUSD30Y, +1.30% or the long bond, advanced 1.5 basis point to 2.983%.

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