Treasury yields rose Tuesday, extending their sharp surge at the week’s start, after China said it would launch fiscal stimulus measures to spur infrastructure spending across the second largest economy in the world.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, +1.17% climbed 2.6 basis points to 2.169%. The 2-year note yield TMUBMUSD02Y, -0.23% was up 2.2 basis points to 1.922%. The 30-year bond yield TMUBMUSD30Y, +0.99% rose 2.6 basis points to 2.649%. All three maturities are set to extend their rise after staging their biggest daily yield climb on Monday. Debt prices move in the opposite direction of yields.