Treasury yields climb as fear grows that Fed rate cuts are off the table

One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.The 10-year Treasury yield — the benchmark for U.S. government borrowing — added 10 basis points to 4.38%. The 2-year note yield — which is more sensitive to short-term Fed rates decisions —traded at 3.932%, up 10 basis points as well.Treasury yields rose on Friday as investor fears grow that rate cuts from the Federal Reserve may not take place after all, as the war in the Middle East drives inflation higher ...