10-year Treasury yield rises to almost 4.32%, back near almost 16-year high

The 10-year Treasury yield traded near 4.32% Monday morning, following a brief respite from last week’s selloff of long-dated maturities. The 10-year rate was back on its way to the highest level since Nov. 7, 2007, when it closed at 4.328%. Meanwhile, the 30-year Treasury yield traded at 4.455% and was on track to surpass the closing high it reached on April 28, 2011.