US yields move to new session highs. The 2 &10 year yields at highest level since November

US yields are moving to new session highs with the 2-year yield now back above 5.0% as traders price out rate cuts in 2024 even more.

The 2-year yield is trading at its highest level since November 14, 2023. The high-yield in 2023 for the two-year note reached 5.259%.

The 10 year yield is at its highest level since November 1, 2023. The high yield for the 10-year bond in 2023 reached 5.021%.

• 2-year yield 5.018%, plus a .1 basis points
• 5-year yield 4.745%, plus a .7 basis points
• 10 year yield 4.731%, +7.7 voice points
• 30-year yield 4.840%, +5.6 basis points

Stocks continue to get hit with the NASDAQ leading the way:

• Dow Industrial Average average -474.0 or -1.23%
• S&P index -70 points or -1.39%
• NASDAQ index -320 points or -1.82%

This article was written by Greg Michalowski at www.forexlive.com.