Free Republic

The benchmark 10-year Treasury yield climbed to its highest levels in 19 years on Tuesday as oil prices surge from the Iran conflict and expectations grow that the Federal Reserve will raise interest rates on Wednesday. The rate milestone could ripple through the economy as the 10-year yield is a benchmark for consumers loans and corporate funding. The 10-year yield was last up more than 3 basis points to around 5%. Earlier in the session, it scaled to 5.041%, the highest since July 2007. One basis point equals 0.01 percentage point, and yields and prices move in opposite directions. The...

U.S. Treasury yields climbed Wednesday, trading back around multiyear highs, as traders braced for the sale of 10-year notes at a time when rising yields have rattled investors around the world. The benchmark 10-year Treasury was up nearly 8 basis points at 5.35% — its highest level since 2002. The 30-year Treasury bond rose 8.3 basis points to 5.724%, also reaching a 24-year high. The 2-year Treasury note yield was up 2.7 basis points to 4.818%. One basis point equals 0.01%, and yields and prices move in opposite directions. The Treasury plans to sell $39 billion of 10-year notes in...