10-year Treasury yield breaks above key level of 1.2%

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The 10-year Treasury yield
TMUBMUSD10Y,
1.209%
broke above 1.2% on Friday afternoon, ending days of speculation when the benchmark maturity would manage to surpass that key ceiling on back of expectations for stronger inflation this year. The 30-year bond yield
TMUBMUSD30Y,
2.014%
also passed its own significant level of 2%. Bond prices move in the opposite direction of yields. Long-dated government bonds are especially vulnerable to reflation fears, as the value of their fixed-interest payments can be easily eroded by higher consumer prices.

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