10-year Treasury yield hits highest level since November
Publishing timestamp: 2023-02-28 10:44:54
Summary
Treasury yields rose on Tuesday as traders bet on higher and tighter monetary policy for longer. The 10-year Treasury yield has advanced more than 50 basis points for the month, and the 2-year yield has gained more than 70 basis points. Ameriprise chief market strategist Anthony Saglimbene said that Treasuries and other conservative assets currently offer investors competitive returns for less risk compared to stocks.
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