December 18, 2017 / 1:13 PM / a year ago

TREASURIES-U.S. 2-year bond yield touches 9-year peak

NEW YORK, Dec 18 (Reuters) - U.S. two-year Treasury yield reached its highest level in more than nine years on Monday, prompted by expectations the Federal Reserve would raise interest rates further and short-term government borrowing would grow from possible federal tax cuts.

At 7:58 a.m. (1258 GMT), the yield on two-year government notes was 1.852 percent, up 1 basis points from late on Friday. This resulted in the gap between two-year and 10-year Treasury yields narrowing to 52 basis points, close to its flattest level in a decade, Reuters and Tradeweb data showed.

Reporting by Richard Leong Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below