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US 2-year yield rises to highest since 2008 after Fed hikes rates; 10-year yield jumps back above 3%

“The 2-year yield hit its highest level since 2008 and the yield on the benchmark 10-year Treasury note rose to 3 percent, following the Fed’s announcement” writes Kate Rooney for The yield on the 30-year Treasury bond was also in the green at 3.095 percent while the 5-year yield hit a fresh high of 2.857.Bond yields move inversely to prices.U.S. government debt yields rose Wednesday after the Federal Reserve hiked its benchmark short-term interest rate a quarter percentage point and indicated that two more increases are likely in store.

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