US Treasury yields 10-and 30-year yields jumped to new 24-year highs as recent negative sentiment in the bond market prevailed and investors weighed the outlook for higher rates. However, the two-year US Treasury yield was down on Monday.
The yield on the benchmark US 10-year Treasury note was up 3.4 basis points at 5.311 per cent. The yield on the 30-year bond was up 3.2 bps at 5.662 per cent. The 10-year rose as high as 5.3493 per cent and the 30-year rose as high as 5.7029 per cent, both fresh 24-year highs. The two-year US Treasury yield, which typically moves in step with interest rate expectations for the Fed, was last down 0.4 basis points at 4.821 per cent.
