US 10-year Treasury note yields climbed on Tuesday to its highest level since July 2007 as investors strongly anticipate a hike in the Federal Reserve interest rates tomorrow. Rising oil prices are adding to inflation concerns while markets are now preparing for what could be the first in a series of rate hikes, Reuters reported.
The 10-year Treasury yield rose 4.7 basis points to 5.008% after reaching 5.041%, its highest since July 19, 2007. It was on track for its sixth gain in seven sessions. The 30-year Treasury yield also climbed 4.5 basis points to 5.373% after touching 5.401%, its highest since June 13, 2007.
