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2-year Treasury yield rises to highest level since 2008 ahead of US midterm elections

Thomas Franck

The yield on the benchmark two-year Treasury note rose to its highest level since 2008 as U.S. voters flocked to vote in the 2018 midterm elections. The yield on the benchmark 10-year Treasury note was just higher, trading at 3.201 percent, while the yield on the 30-year Treasury bond fell to 3.42 percent. The vote on Tuesday is being heralded as a referendum on President Donald Trump's agenda, including his landmark tax cuts and large fiscal spending.

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