• 10-year Treasury yield nears highest in a year as recovery prospects strengthen

    7 days ago - By Business Insider

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    The yield on the 10-year Treasury note was nearning 1.374%, which would mark the highest level since February 2020.
    Yields have been surging as investors sell off bonds on expectations that recovery in the US economy will lead to higher inflation.
    Bonds are looking undervalued against stocks, says Bank of America
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    The 10-year Treasury yield pushed close to its highest level in a year on Monday, as the outlook for economic recovery prompted investors to continue selling bonds and search for higher-yielding...
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