10-year Treasury yield rebounds back above 4%

The 10-year yield was up about 2 basis points to 4%, it's highest since early August and a big turnaround from its 2024 low of around 3.58% reached a little more than a month ago. The yield on the 2-year Treasury was up over 6 basis points to 3.99%. Yields move inversely to prices. One basis point equals 0.01%. The 10-year Treasury yield, a benchmark for mortgages and car loans, jumped back above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaig ...