30-year Treasury yield tops 5.31%, the highest in 19 years

Treasury yields were higher on Monday as traders looked ahead to the latest FOMC minutes due later in the week. The 30-year Treasury yield, which is typically sensitive to geopolitical events, advanced more than 4 basis points to 5.311%. It reached its highest level since June 2007. The 10-year Treasury note yield — the main benchmark for mortgages, auto loans and credit card debt — was more than 2 basis points higher at 4.724%. The yield on the 2-year Treasury note, which typically reacts in line with short-term Federal Reserve interest rate decisions, rose more than 1 basis point to...