Government Bond Yields Climbed in 2nd Quarter on Trade Tensions, Slower Growth

The yield on the benchmark 10-year U.S. Treasury note rose for the fourth straight quarter, briefly topping 3% before concerns about mounting trade tensions and slower global growth drove investors to the relative safety of government debt.

Signs that inflation could accelerate, continued job gains for U.S. workers and speculation that the Federal Reserve could raise interest rates four times this year helped boost the yield to a nearly seven-year high of 3.109% on May 17. Yields rise as bond prices fall.

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