The yield on the benchmark 10-year United States Treasury note increased on Tuesday to the strongest level since 2007.
Traders are seemingly preparing to see the next monetary policy decision by the Federal Reserve tomorrow and are expected to put a particular emphasis on any signal about longer-term policy moves by the central bank.
The return on the 10-year Treasury note rose by 4.2 basis points to 4.363% at 1:16 pm ET. The yield on the two-year note was up 4.1 basis points to 5.105% at 1:15 pm ET, approaching its own 2007 high. The return on the 30-year bond increased by 3.3 basis points to 4.429% at 3:19 pm ET.
