BUSINESS

10-year Yields Highest Since 2011 Before Expected Fed Rate Hike

A U.S. dollar note is seen in front of a stock graph in this picture illustration
Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs.
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