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Bond yields climb as investors price in another Fed rate increase
The 10-year Treasury yield rose to around 5.1 percent on Wednesday, reflecting growing conviction among investors that the Fed will hike again.
Bond-market moves accelerated as investors increasingly expected the Fed Reserve to raise interest rates again, pushing Treasury yields higher, according to NYT Business.
Wednesday saw the 10-year Treasury yield rise to around 5.1 percent, as rate expectations shifted toward further tightening rather than a pause.
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