10 year yield
The benchmark 10-year Treasury yield rose Wednesday 27th September 2023, to its highest level in more than 15 years, as traders navigated fears of persistent inflation and higher interest rates for longer than expected.
The 10-year Treasury yield climbed to 4.612%. It had reached 4.566% on Tuesday 26th September 2023, its highest level since 2007.
2 year yield
The 2-year Treasury yield also added 6 basis points to 5.139%.
FED said
Federal Reserve suggested last week that interest rates would go higher still and remain elevated for longer, prompting concerns among investors about what it could mean for the economy.