The yield on the benchmark 10-year Treasury note climbed to 2.96 percent on May 17, up from 1.5 percent at the start of 2022, as investors awaited news on U.S economic data and remarks on future monetary policy from Federal Reserve policymakers.
The yield on the 10-year Treasury note last traded up 7 basis points to 2.955 percent, while the yield on 30-year Treasuries rose 8 basis points to 3.153 percent.
