Bond Report: 10-year U.S. Treasury yield pushes back above 3.25% for first time since 2011

An earlier version of this article incorrectly stated the number of years since the 10-year note traded above 3.25%. The article has been corrected.

U.S. Treasurys saw renewed selling pressure Tuesday, pushing the yield on the 10-year note above 3.25% for the first time since 2011 before retracing much of its rise.

What are yields doing?

The yield on the 10-year Treasury note TMUBMUSD10Y, -0.35% which serves as a benchmark for a wide range of lending activities, was up 0.4 basis point at 3.234% after earlier pushing above the 3.25% threshold for the first time since late April 2011, according to FactSet.

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