10-year Treasury yield rises as shutdown deal appears within reach

The benchmark 10-year Treasury

yield rose Tuesday as markets grew optimistic that a prolonged government shutdown could soon be resolved.

The yield on the 10-year Treasury advanced more than 2 basis points to 4.122%, while the 2-year note yield added less than 1 basis point to 3.595%. Meanwhile, the 30-year bond yield rose more than 1 basis point to 4.712%.

One basis point is equal to 0.01%, and yields and prices share an inverse relationship.

Investors are monitoring developments in Washington as bipartisan negotiations advance toward a spending deal to end the shutdown, which has partially closed the federal government since Oct. 1.

10-year Treasury yield rises as shutdown deal appears within reach

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