Bond Report: 10-year Treasury yield touches 2.90% as inflation fears rattle bond market

Treasury prices slumped, pushing up yields, on Wednesday after a stronger-than-expected reading on consumer inflation, underlining investor fears the Federal Reserve could move more aggressively than expected to tighten monetary policy.

How are Treasurys are performing?

The 10-year Treasury note yield TMUBMUSD30Y, +1.63% climbed 5.3 basis points to 2.893%, a fresh four-year high, according to Tradeweb data. The yield briefly topped 2.90% for the first time in four years.

The yield for the 30-year bond TMUBMUSD30Y, +1.63% were up by 2.4 basis points to 3.152%. Meanwhile, the 2-year note yield TMUBMUSD02Y, +2.33% the most sensitive to shifting expectations for Fed policy, jumped by 5.8 basis points to 2.164%.

>>> Original Source <<<