Investing.com - The yield on 10-year U.S. Treasury notes hit its highest in more than four years at 3% shortly after the U.S. open on Tuesday.
Investors have been focused on the 10-year yield in recent sessions as it inched towards the key psychological level amid concerns that it could trigger a reaction in global financial markets.
The yield has been driven higher as strengthening inflation prospects added to expectations for a faster rate of monetary tightening from the Federal Reserve.
