10-year Treasury Rises Above 2%

The yield on the 10-year Treasury rose 5.4 basis points to 2.052% Tuesday after China's decision to lower its benchmark interest rates gave global markets a boost. On Monday, the yield on the 10-year dipped below 2% for the first time in nearly four months. The yield on the two-year note gained 3.2 basis points to 0.600%, after falling on Monday to its lowest point since July 8. The 30-year yield gained 5.7 basis points to 2.776%, after reaching on Monday its lowest level since April 27.