Treasury yields rose at the start of the U.S. trading session, extending its gains to set a 4-year high. The 10-year note yield climbed 6.6 basis points to 2.837%, the highest since Jan. 2014. The 30-year bond yield rose 5.9 basis points to 3.065%, while the 2-year note yield was up 2.5 basis points to 2.186%. Bonds have come under pressure on concerns that stronger wage gains could spur inflationary pressures, eroding the value of debt. Bond prices fall when yields rise. Hourly wages rose 0.3% in January to raise the 12-month increase to 2.9% from 2.6%, the fastest pace since June 2009.
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