Traders Are Bracing for a Key Bond Sale. Yields Hit a New Multi-Decade High.

Source: International Business Times

Bond yields have been climbing quickly over the past weeks. AFP via Getty Images/Saul Loeb Treasury yields climbed again on Wednesday, hitting a new multi-decade high as traders brace for a key bond sale. The benchmark 10-year Treasury gained almost 8 basis points during the session and hit 5.