U.S. Treasury yields keep rising after 10-year bond hits 19-year high

U.S. Treasury yields rose again Thursday after the 10-year reached a 19-year high Wednesday, climbing one basis point to 5.124%; the 30-year yield reached 5.42% and the 2-year held near 4.895%. Strong September S&P Global PMI data and hawkish Federal Reserve commentary pushed traders to price a 70% chance of an October rate hike, amid a global bond selloff that lifted Japan’s 10-year yield to 3.055%, its highest since 1996.