Bond Report: 10-year Treasury yield settles at 3-year high as shutdown fears weigh on bonds

Treasury yields rose on Friday even as investors watched Washington drama that could culminate in the first government shutdown in five years as the Senate prepares to take up a short-term spending bill. For the week, however, a rise in yields was supported by further signs of rising inflation.

What did Treasurys do?

The yield on the benchmark 10-year Treasury note TMUBMUSD10Y, +0.00% climbed 2.8 basis points to 2.639%, its highest close since July 2014, according to WSJ Market Data. The yield for the benchmark maturity rose 8.7 basis points this week.

The 2-year note yield TMUBMUSD02Y, +0.00% was up 1.5 basis points to 2.058%, contributing to a 5.7 basis point increase for the week.

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