Bond Report: Treasury yields climb as Fed’s Dudley reinforces rate-hike plan, stocks rise

U.S. Treasury yields climbed on Monday as so-called risk assets drew bidders and one Fed official emphasized the central bank’s plan to normalize monetary policy—factors that should theoretically push yields higher.

The yield on the 10-year Treasury note TMUBMUSD10Y, +1.54% was up 2.7 basis points at 2.184%, compared with 2.157% late Friday in New York. The two-year note yield TMUBMUSD02Y, +3.11% gained 4.1 basis points at 1.360%, while the yield on the 30-year Treasury bond TMUBMUSD30Y, +0.39% known as the long bond, ticked up 0.4 basis point to 2.786%, compared with 2.782% on Friday.

>>> Original Source <<<