U.S. Treasury 10-Year Yield Rises to Highest Level Since 2014
- Surging oil fans inflation expectations amid Fed tightening
- Ten-year yield may climb to 2.75 percent, SMBC Nikko says
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The benchmark Treasury yield rose to the highest level in more than three years, extending a selloff in the world’s largest-debt market that began last September.
The 10-year yield climbed to as high as 2.6407 percent Friday, a level unseen since September 2014, from 2.6256 percent. Flows were skewed toward selling, with dip-buying demand muted given recent price action and decent volumes in cash and futures, according to three traders in Asia.