US 10-year Treasury yield rises to 14-month highs

LONDON: US 10-year Treasury yields rose to 14-month highs on Tuesday as a selloff in bond markets continued on expectations for stronger growth and inflation ahead.

News on Monday that those aged 30 and older would be eligible for coronavirus vaccinations beginning Tuesday has boosted expectations for a swift rebound in the U.S. economy, steepening the U.S. yield curve.

In early London trade, 10-year yields rose to 1.763%, its highest level since early 2020 and up 4 basis point on the day. U.S. Treasury yields were broadly higher.

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