The yield for the benchmark 10-year Treasury note climbed to its highest level in 10 months on Tuesday. The 10-year note yield rose 4 basis points to 2.520%, its highest since March 17. The 2-year note yield fell 1.2 basis point to 1.948%. The 30-year bond yield climbed 5.5 basis points. Market participants said the move higher was kick-started by the Bank of Japan’s decision to reduce its purchases of long-dated debt, sparking anticipation the central bank would back away from its ultra-accommodative monetary policy.
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From:: Stock Market News