Treasury yields tested their highest levels in more than a dozen years on Thursday as investors continued to absorb the Federal Reserve’s message of higher-for-longer interest rates.
What’s happening
What’s driving markets
Treasury yields continued to climb on Thursday as investors continued to absorb the Federal Reserve’s projections, delivered Wednesday, that suggested another interest-rate increase this year and that borrowing costs were likely to be cut in 2024 by less than previously thought.
Markets…