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Ten- and 30-year Treasury yields rise to highest in three weeks amid signs of cooling inflation

·3 min read
Ten- and 30-year Treasury yields rise to highest in three weeks amid signs of cooling inflation

Ten- and 30-year Treasury yields soared on Thursday after the latest signs of easing U.S. inflation buttressed a more optimistic outlook on the U.S. economy. The yield on the 2-year Treasury (BX:TMUBMUSD02Y) rose 1.3 basis points to 3.227% from 3.214% as of Wednesday afternoon. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) rose 13.2 basis points to 3.173% from Wednesday’s level of 3.041%.