10 Year Hits 3% for the First Time Since 2018

A bad day for bonds helped propel the yield on a 10 year treasury note to its highest level since 2018…

The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, crossed the 3% level ahead of this week’s Federal Reserve meeting, recently trading at 3.002%, according to Tradeweb. A reference for borrowing costs on everything from mortgages to student loans, the yield last closed above 3% in November 2018 and has jumped from 1.496% at the end of last year.

Wall Street Journal