TREASURIES-Two-year yield jumps as traders brace for rate hikes - NewsBreak
By Alvarez in Business
Updated 3 years ago
SINGAPORE, Sept 28 (Reuters) - Two-year Treasury yields surged on Tuesday to 18-month highs as investors priced in the prospect of rising cash rates and the risk of persistent inflation, forcing the U.S. government to pay more to sell its debt. The government had to double the coupon on the...