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U.S. 10-year Treasury yield hits highest since July 2007

Benchmark 10-year note yield rose to its highest level since July 2007 as investors priced in potential Fed rate hikes ahead of the decision.

US10YZB

S. Treasury yields climbed on Tuesday, with the benchmark 10-year Treasury note yield rising to its highest level since July 2007 as investors prepared for what may be the first of a series of rate hikes from the Federal Reserve as it works to curb inflation pressures.