U.S. Treasury yields moved higher during Asian trading hours, with yields across maturities reaching multi-year highs. The 2-year Treasury yield stood at 4.596%, while the 10-year rose to 4.979% and the 30-year touched 5.384%. Danske Bank said the 10-year yield was only a few basis points away from the 5% threshold. The bank attributed the move to U.S. Treasury buyback operations coming in below expectations. The update was reported by ChainCatcher as a market brief.
U.S. Treasury yields climbed during Asian trading hours, with yields across maturities hitting multi-year highs, according to ChainCatcher.
The 2-year Treasury yield reached 4.596%, the 10-year rose to 4.979%, and the 30-year touched 5.384%.
Danske Bank said the 10-year yield was only a few basis points away from the 5% mark because U.S. Treasury buyback operations fell short of expectations.
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