10-year Treasury yield hits highest level since 2007 as Fed rate-hike bets intensify
The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday amid a deepening sell-off in U.S. government debt.
The climb in the 10-year yield reflects rising expectations that the Federal Reserve will raise interest rates, according to CNBC. The sell-off in government debt accelerated ahead of the Fed's upcoming interest-rate decision.
Sources
- 10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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