10-year Treasury yield jumps to 2-year high, topping 1.83%

The yield on the 10-year Treasury jumped to its highest point in two years on Tuesday.

TICKER.

The company is

YIELD.

Change.

%CHANGE

US3M

The U.S. has 3 month Treasury.

0.142

0.013

0

US1Y

The U.S. has a 1 year Treasury.

0.516

0.025

0

US2Y

The U.S. has a 2 year Treasury.

1.04

0.073

0

US5Y

The U.S. has a 5 year Treasury.

1.638

0.092

0

US10Y

The U.S. has a 10 year Treasury.

1.836

0.064

0

US30Y

The U.S. has a 30 year Treasury.

2.156

0.041

0

The 10-year Treasury note's yield went up 5 basis points at 3:40 a.m. The time is later. The 30-year Treasury bond's yield increased by 3 basis points. The 2-year rate hit 1.0364% for the first time in two years.

1 basis point is equal to 0.01%.

The move indicates that investors are prepared for the possibility of more aggressive tightening by the Federal Reserve.

Powell told the U.S. Senate last week that he expected to see a series of interest rate hikes this year.

Patrick Harker, president of the Philadelphia Fed, told CNBC last week that the central bank could raise rates three or four times this year. He said that inflation is more persistent than he thought.

The January National Association of Home Builders housing market index is expected to be released at 10 a.m. on Tuesday. The time is later.

There will be 61 billion of 13-week bills and 51 billion of 26 week bills being auctioned.

Fred Imbert was a contributor to the market report.