2-year Treasury tops 4.2%, a 15-year high as Fed continues to jolt short-term rates higher - 23 septembrie 2022
Yields marched higher on Friday, with the yield on the 2-year Treasury notching a new 15-year high as markets assessed what the Federal Reserve’s latest rate hike means for the economy going forward.
The policy-sensitive 2-year Treasury
hovered above 4.2%, hitting a 15-year high of 4.266% earlier in the session. It last traded up 12 basis points to 4.246%. Meanwhile, the yield on the 10-year last traded 9 basis points higher at 3.801% and near levels not seen since 2011.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.