TREASURIES-U.S. 10-year yield highest since July 2011
NEW YORK, Sept 5
NEW YORK, Sept 5 (Reuters) - The yield on U.S. 10-year Treasury notes rose to its highest level in more than 25 months on Thursday ahead of several domestic economic reports that could solidify expectations about whether the Federal Reserve might scale back its bond purchases in two weeks.
The benchmark 10-year note yield was last 2.951 percent, up 5.4 basis points from late on Wednesday. This was the highest level since July 29, 2011, according to Reuters data, when it hit an intraday high of 2.926 percent.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |