Bond Report: Two-year government bond yield logs biggest daily rise in 3 weeks after Fed minutes

Treasury yields turn higher Thursday after the Federal Reserve’s minutes from a June meeting highlighted the central bank’s commitment to a gradual but steady rate increases.

What are Treasurys doing?

The 2-year note yield TMUBMUSD02Y, +0.64% sensitive to shifting expectations for Fed policy, rose 3 basis points to 2.561%, the largest one-day climb since June 13. The 10-year Treasury note yield TMUBMUSD10Y, +0.04% was up by 0.7 basis point to 2.840%.

The rate for the 30-year bond TMUBMUSD30Y, -0.42% ended 0.6 basis point lower at 2.953%, closing below the 200-day moving average of 2.97%.

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