The two-year US Treasury yields reached 2.495% on Monday morning, marking the highest level since 2019.
On Monday, two-year Treasury yields hit their highest level since early 2019, as investors bet that the Federal Reserve would deliver more rate hikes in the months ahead to keep inflation in check.
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Bond rates in the United States were higher throughout the curve, with two-year yields reaching 2.495%.
In a frequently studied section of the yield curve, the difference between 2-year and 10-year bond yields remained inverted and was recently at minus 6.75 basis points.
The robust March jobs report reinforced the argument that the Fed will need to raise rates quickly to combat rising inflation and a tight job market.