U.S. Treasury Yields Stabilize as 10-Year Rate Eases From 24-Year Highs

U.S. Treasury yields $UST posted a reprieve on Wednesday after the 10-year rate tested its highest level since 2007, hitting 2007 peaks mid-session. The 30-year yield, meanwhile, reached its highest level since 2002 before reversing pressure slightly.

Pressure on longer-dated Treasuries eased after the sharp monthly climb, which has been the largest in two years. Market participants remain sensitive to inflation data and Federal Reserve policy guidance, keeping yield volatility elevated amid macroeconomic uncertainty.

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