10-year Treasury yield highest since June 2002
Mon Apr 3, 2006 8:10
NEW YORK, April 3 (Reuters) - Yield on benchmark U.S. Treasury debt climbed through 4.905 percent early on Monday to to the highest since June 2002 amid general expectations the Federal Reserve will continue to raise interest rates.
Benchmark 10-year notes <US10YT=RR> were down 13/32 in price for a yield of 4.907 early on Monday from 4.853 percent late on Friday.
Two-year notes <US2YT=RR> were trading 2/32 lower in price for a yield of 4.866 percent from 4.824 percent.
Bond yields move inversely to prices.