Business
Bond Selloff Picks Up New Momentum
Treasury yields extended their recent gains Friday after three Federal Reserve officials explained why they cast dissenting votes in favor of raising interest rate this week.
Yields, which rise when bond prices fall, were also driven higher by economic data, including a stronger-than-expected reading on Chicago-area economic activity.
The yield on the 10-year U.S. Treasury note settled at 4.743%, according to Tradeweb, its highest closing level since January 2025. The 30-year yield closed at 5.274%, its highest since July 2007.
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