10-year Treasury Yield Rises To Highest Level Since Early August

By Joseph AdinolfiMarketWatch Pulse

The yield on the 10-year Treasury note rose to its highest level since Aug. 5 Wednesday after Chinese policy makers said they would adopt more fiscal stimulus measures, causing investors to move out of Treasury bonds and into risky assets like stocks. The yield was last up 5.8 basis points to 2.251%. The yield on the two-year note rose two basis points to 0.761%. Meanwhile, U.S. S&P 500 futures were up 1.1% to 1,988.

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