“10-year Treasury yield tops 2% for the first time since 2019 after hot inflation report”
February 10, 2022
“U.S. Treasury yields climbed on Thursday, with the benchmark 10-year rate breaching the 2% level, after key inflation data showed hotter-than-expected price pressures.
The yield on the 10-year Treasury note jumped 6 basis points to hit a session high of 2%, the first time that the benchmark rate reached the threshold since August 2019. The 10-year rate last traded around 1.98%.
The yield on the 2-year Treasury bond, the most sensitive duration to interest rates, surged 10 basis points to 1.45%. Yields move inversely to prices and 1 basis point is equal to 0.01%…”
https://www.cnbc.com/2022/02/10/us-bonds-treasury-yields-climb-ahead-of-inflation-data.html