US 10-year yield above 3.25% for first time since 2011

U.S. Treasurys saw renewed selling pressure as investors returned Tuesday from a holiday, pushing the yield on the 10-year note above 3.25% to an 11-year high.

What are yields doing?

The yield on the 10-year Treasury note, which serves as a benchmark for a wide range of lending activities, rose 2.4 basis points to 3.254%, pushing above the 3.25% threshold for the first time since late April 2011, according to FactSet. Yields and debt prices move in opposite directions.

The 2-year note yield was off 0.4 basis point at 2.881%, while at the long end, the 30-year Treasury bond yield rose 3.1 basis points to 3.435%.

MarketWatch

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.