Treasury yield continue to jump as the 2Y tops 5% and the 10Y hits a 5-month high

U.S. Treasury yields made another extended push higher on Monday morning as the U.S. 2-year Treasury yield (US2Y) tagged 5% and the U.S. 10-year Treasury yield (US10Y) continued to climb to its highest point since November 14th.

It’s been nothing short of an upward shot for Treasury yields in 2024 as the shorter end 2-Year advanced 17.3% or 73 basis points to 4.98% year-to-date. At the same time, the longer end 10-Year has popped up 20.3% or 79 basis points to 4.65%.

On Monday alone the 2-Year moved up by 7 basis points and the 10-Year ticked up by 12 basis points.

Yields have made positive advancements on Monday after Wall Street received a hotter than anticipated retail sales report alongside rising geopolitical tensions amid Iran’s attack on Israel over the weekend.

For market participants that are looking to track the moves of the Treasury market, they may look towards a group of fixed income focused exchange traded funds as the two instruments trade in opposite directions. Some prominent ETFs to monitor are as follows

• Vanguard Total Bond Market ETF (NASDAQ:BND).
• iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG).
• Vanguard Total International Bond ETF (BNDX).
• iShares 20+ Year Treasury Bond ETF (TLT).
• iShares 10-20 Year Treasury Bond ETF (TLH).
• iShares 7-10 Year Treasury Bond ETF (IEF).
• iShares 3-7 Year Treasury Bond ETF (IEI).
• iShares 1-3 Year Treasury Bond ETF (SHY).

Additionally, see how other yields trade across the entire yield curve here.