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2/25, 7:32 PM (Source: TeleTrader)
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Ten-year Treasury yield highest in over 12 months

United States Treasury yields increased on Thursday after data reports indicated that the economic recovery is picking up throughout the country, but also causing concern that the rise may be attributed to inflation as well. Earlier in the day, Federal Reserve Bank of St. Louis President James Bullard said that "with growth prospects improving and inflation expectations rising, the concordant rise in the 10-year Treasury yield is appropriate."

The yield on the 10-year Treasury note jumped 11.4 basis points to 1.497% at 1:27 pm ET, after hitting a daily record of 1.614%, which is also the highest value since mid-February 2020. The return on the two-year note advanced 3.5 basis points to 0.162% at 1:29 pm ET, while the yield on the 30-year debt rose by 6.9 basis points to 2.309% at 1:30 pm ET.

The two-year note futures declined 0.09%, the 10-year note futures lost 1.09% and the 30-year bond futures fell 1.15% at 1:26 pm ET.

Breaking the News / MS