The 10-year Treasury yield rose Wednesday to hit 2% for the first time in nine months as expectations mounted that a Donald Trump presidency is likely to lead to expanded fiscal spending. The yield on the 10-year note surged 15 basis points to test a level not seen since January, while the yield on the 30-year bond soared 19.7 basis points to 2.812%, according to FactSet. At the short end of the curve, the two-year was mostly flat at 0.862% after a dropping earlier. Yields and bond prices move in opposite direction.
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