Yields soared on Monday, with the 2-year Treasury briefly surpassing 4.3%, as markets digested rate hikes and looked toward a slew of Fed speaker commentaries.
Yields soared on Monday, with the 2-year Treasury reaching a fresh 15-year high, as markets digested the Federal Reserve's interest rate hikes and looked toward economic commentary from Fed speakers.briefly climbed above 4.
3%, hitting levels last seen in 2007. It was up 6 basis points to 4.2779% at around 4:35 a.m. ET. An auction of 2-year notes worth a total of $43 million is due to take place on Monday.Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%.
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