Treasury Yields Reach New Highs in Volatile Quarter
Treasury yields reversed earlier declines, ending a volatile quarter at new highs. The 10-year benchmark yield rose by nearly a full percentage point as markets repriced Federal Reserve hike expectations amid rising government spending.
1559 ET - Treasury yields reversed an early, modest pullback tied to relatively mild inflation data, ending a volatile quarter higher. Longer-dated yields rose by nearly a full percentage point as markets sharply repriced expectations for a Fed hike amid rising government spending. The 10-year benchmark added to those moves.