Treasury Two-Year Yield Tops 3.5% for First Time Since 2007: Bloomberg

The two-year Treasury yield touched 3.50% for the first time since 2007 after comments from Fed officials this week signaled further aggressive rate hikes. Federal Reserve Chair Jerome Powell has seemingly concluded that it will something more painful than a soft economic landing to tackle a pernicious inflation rate running at more than triple the 2% target.

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