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International Business Times

Business

Benchmark Bond Yield Rises To The Highest Level In Almost Two Decades a Day From The Fed Decision

US Federal Reserve Donald Trump Jensen Huang

The 10-year Treasury yield topped 5.02% on Tuesday, the highest level since 2007. (Credit: AFP via Getty Images/Saul Loeb)

The benchmark 10-yield Treasury note rose on Tuesday to the highest level since 2007 as the sell-off in government debt continued one day away from the Federal Reserve's next policy decision.

The note reached 5.041% early in the session before pairing gains. It stood at 5.005% at 8:03 a.m. ET. The yields on the 30 and 2-year Treasury notes also rose.

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