Treasury yields resumed their climb back toward the highest levels in at least a dozen years Monday morning, days after the U.S. government managed to avoid a weekend shutdown. The 2-year Treasury yield jumped 6.2 basis points to 5.108% on its way toward last Thursday’s level of 5.148%, which was the highest close since July 2006. The 10-year yield jumped 6.6 basis points to 4.638%, while the 30-year rate rose 3.7 basis points to 4.746%. They respectively headed for their highest closing levels since October 2007 and February 2011. The stopgap funding measure approved by the Senate Saturday night ensures that the Federal Reserve will have regular economic data available at its Oct. 31-Nov. 1 meeting.
