US 2-year yields rises to highest level in almost a decade

Author: Justin Low | Category: News

2-year Treasury yields touch above 2.38% briefly

Short-term yields in the US continue to pick up the pace, as yields are steadily rising on the day - following the easing tensions in Syria.

This leaves the US 2-10 yield spread at 47 basis points, still near the lows this year in what has been a steady decline since February.

As the Fed seeks to hike rates this year, this is something that they would have to keep their eyes locked on.