The benchmark 10-year Treasury briefly topped 4% on Wednesday as markets took in Federal Reserve speaker commentary that hinted at further interest rate hikes.
The benchmark 10-year Treasury briefly topped 4% on Wednesday, reaching levels not seen since 2008, as markets took in Federal Reserve speaker commentary that hinted at further interest
rate hikes.was up 3 basis points to 3.9945% at around 4:20 a.m. ET. Earlier in the day, it rose as high as 4.019%.Yields and prices move in opposite directions. One basis point is equal to 0.01%.
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