10-year Treasury yield jumps to highest level in more than a year
CNBC, March 12, 2021, Maggie Fitzgerald, Vicky McKeever
The 10-year Treasury yield shot to the highest level in over a year on Friday, a sign of optimism in an economic comeback but also a reflection of heightened inflation fears after the enactment of the $1.9 trillion stimulus package.
The yield on the benchmark 10-year Treasury note advanced 10 basis points to 1.626% at around 4:00 p.m. ET and briefly reac…