Yield on 30-year bond also tops 2018 peak to four-year high

From Bloomberg

The yield on 10-year Treasuries rose to the highest level since 2011, eclipsing the previous 2018 peak set in May as economic data helped fuel optimism about the American economy. The rate on 30-year securities reached a four-year high and the dollar gained.

Improved investor appetite for riskier assets has supported the move higher in U.S. yields, with stocks gaining toward record highs amid upbeat news about American jobs and ebbing concern about the fiscal situation in Italy.

The jump in yields follows stronger-than-anticipated reports on U.S. services and private payrolls and comes after last week’s decision by the Federal Reserve to lift interest rates. The monthly government report on jobs is due later this week and Fed Chairman Jerome Powell will speak later Wednesday.

The yield on the 10-year borrowing benchmark climbed as much as 6 basis points Wednesday to 3.1268 percent, surpassing the May intraday high of 3.1261 percent. The yield on the 30-year increased as much as 7 basis points to 3.2879 percent.

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