U.S. Treasury selloff resumes, two-year yields at new high
LONDON, April 21 (Reuters) - A selloff in U.S. Treasuries resumed on Thursday, with yields on two-year bonds climbing to their highest levels since late 2018.
The latest driver behind selling in the world's biggest bond markets appeared to come from the euro area, where hawkish comments from European Central Bank officials sparked a fresh surge in borrowing costs.
U.S. 2-year Treasury yields rose to around 2.63%, their highest since late 2018, and were last up almost 5 basis points on the day.
Yields across the U.S. curve were also higher, heading back towards recent highs. Ten-year U.S. Treasury yields were up just over 4 bps on the day at around 2.84%. (Reporting by Dhara Ranasinghe; Editing by Saikat Chatterjee)
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