U.S. government debt yields added to a marked climb higher Thursday, making new multiyear highs as strong economic data continued to tempt investors into riskier assets.
The yield on the benchmark 10-year Treasury note, which climbed nearly 12 basis points on Wednesday, hit its highest level since May 2011 early Thursday morning at 3.232 percent.
As of the latest reading, the 10-year rate held higher at 3.193 percent at 2:20 p.m. ET, while the yield on the 30-year Treasury bond, which broke a new 2014 high Thursday, was up at 3.356 percent.
Bond yields move inversely to prices.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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