Treasuries-Two-year yield hits highest since 2024 as investors weigh outlook for rate hikes
TLT•Benchmark Treasury yields at session highs
The yield on the benchmark U.S. 10-year Treasury note was last up 5.3 basis points at 5%. It reached 5.041% on Tuesday, the highest since 2007.
The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations for the Fed, was last up 5.3 basis points at 4.743%. It earlier reached 4.7475%, the highest since July 2024.
The yield on the 30-year bond was up 3.6 basis points at 5.332%.
Oil prices ease as inflation concerns temper
Spikes in oil prices tied to the US-Israeli war on Iran have been behind some of the inflation concern.
But oil prices eased on Friday after China, acting on a request from Saudi Arabia, quietly asked Iran to limit attacks by Houthi rebels on Saudi oil infrastructure.
