10-year Treasury yield nudges to seven-year high above 3.25%

10-year Treasury yield nudges to seven-year high above 3.25%

U.S. Treasurys came under renewed selling pressure Tuesday, pushing the yield on the 10-year note TMUBMUSD10Y, +0.74% to a fresh seven-year high above 3.25% in early European trade. The U.S. bond market was closed Monday for a holiday. The yield on the 10-year Treasury note was up 2.4 basis points at 3.253% in recent action, according to FactSet, after hitting its highest level since late April 2011. Yields and debt prices move in opposite directions.

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