10-Year US Treasury Rates Yields Hit 2% For First Time Since 2019

A statue of the Albert Gallatin, the 4th Secretary of the Treasury, stands on the north patio of the U.S. Treasury Building in Washington. AP Photo/Pablo Martinez Monsivais

U.S. Treasury 10-year yield rates hit above the 2 percent benchmark on Feb. 10, after key inflation data showed larger than expected price pressures, causing the Dow to crater, losing over 500 points.

The yield on 10-year Treasury note jumped 12 basis points to about 2.05 percent, the first time since August 2019 when it last hit above the benchmark rate.