US Treasury yields rise to levels not seen since 2019 - reports

The yield on 10-year US Treasuries has climbed to 2.3% this month, a level not seen since May 2019, according to the FT. The two-year Treasury yield has also risen in March, increasing 0.69 percentage points so far, the FT also reported. On 16 March, the Fed raised interest rates by 0.25% and said it now expects to raise rates a further six times this year as it attempts to bring inflation under control. In a speech at the 38th Annual Economic Policy Conference National Association for Business Economics, Powell said: "We will take the necessary steps to ensure a return to price st...