Treasury yields are closing higher as investors become more confident about the economy and jump into stocks.
The yield on the 10-year Treasury note, the government's benchmark bond, rose to 1.63 Tuesday from 1.56 percent. Just a week ago, the yield was down to 1.47 percent, and two weeks ago hit an all-time low of 1.39 percent.
Bond yields rise when investors are feeling hopeful about the economy and become more willing to put money into stocks. Investors piled into the stock market Tuesday, encouraged by healthy second-quarter earnings reports from U.S. companies.
The price of the 10-year note fell 59.4 cents for every $100 invested.
The yield on the 30-year bond rose to 2.72 from 2.65 percent. The price fell $1.59 for every $100 invested.
- Investment & Company Information