10-year Treasury yield extends surge above 1.50

U.S. Treasury yields climbed Thursday after Federal Reserve Chairman Jerome Powell said he was monitoring the rise in bond yields and that he would be concerned if financial conditions did tighten. The 10-year Treasury note yield climbed 7.1 basis points to 1.541%. Bond prices move inversely to yields. Investors had suggested if Powell did not offer more explicit pushback on higher government bond rates, it could fuel Treasury market weakness.

10-year Treasury yield extends surge above 1.50

U.S. Treasury yields climbed Thursday after Federal Reserve Chairman Jerome Powell said he was monitoring the rise in bond yields and that he would be concerned if financial conditions did tighten. The 10-year Treasury note yield climbed 7.1 basis points to 1.541%. Bond prices move inversely to yields.

Investors had suggested if Powell did not offer more explicit pushback on higher government bond rates, it could fuel Treasury market weakness.