US Treasury yield in yts highs

FXStreet (Edinburgh) - US Treasuries spiked to their highest level since the start of the year today in response to the solid print from the US Non-farm Payrolls for the month of February, which showed the economy adding 295K jobs, surpassing consensus at 240K and up from January’s 239K.

In the lower bound of the curve, 2-year yields are up 12.50%, the 10-year is following suit, advancing almost 6.5% and the 30-year is gaining almost 5.0%. Speculations of a potential rate hike in the June meeting by the Fed keeps underpinning the upside momentum in treasuries.