Two-year Treasury yield posts biggest four-session jump since 2022, MarketWatch reports

The two-year Treasury yield rose 38.8 basis points over four trading sessions to 4.862%, its biggest such climb since June 2022, MarketWatch reports, citing Dow Jones Market Data. TD Securities strategist Gennadiy Goldberg told the outlet that investors were pricing in a more hawkish Fed. CNBC reports another inflation reading, October’s producer price index, is due Friday.