2-Year Treasury Note Tops 3.9% as Investors Anticipate Further Fed Rate Hikes

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2-Year Treasury Note Tops 3.9% as Investors Anticipate Further Fed Rate Hikes
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Analysts say the Fed could increase interest rates by a full point, or 100 basis points. That would be the biggest rate hike in 40 years.

U.S Treasury yields rose further on Friday after major indices were down in premarket trading as investors anticipated further interest rate hikes to curb inflation.bond climbed above 3.9%, a level it had not seen since 2007.

As of 5:10 a.m. ET, it was up 2 basis points to 3.898%. The 2-year Treasury is highly sensitive to policy decisions as it is widely recognized as in indicator of how investors think central bank policy will develop in the near future.

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