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2-Year Treasury Yield Hits 10-Year High

Published 10/18/2018, 09:56 AM
Updated 10/18/2018, 10:04 AM
© Reuters.  Yield on 2-year Treasury hits highest level since June 2008.
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Investing.com - The yield on the 2-year Treasury note hit a 10-year high on Thursday in the aftermath of the Federal Reserve meeting minutes that confirmed the central bank planned to forge ahead with rate increases.

At 9:54 AM ET (13:54 GMT), the yield was at 2.907%, its highest level since June 23, 2008 when it touched 2.951%.

While the minutes showed that policymakers had some doubts about the future path of the economy, they were united in their September decision to increase by a quarter-point and anticipated continuing with plans to gradually increase interest rates with one more this year and perhaps an additional three in 2019.

Meanwhile, the yield on the 10-year Treasury rose to 3.205% by 10:03 AM ET (14:03 GMT), while the 30-year yield advanced to 3.37%. Bond yields move inversely to prices.

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