Treasury Yields Rise on Optimism About World Economy

Treasury yields hit a six-month high Monday on optimism about the world economy and concern about the U.S. deficit.

Yields have been steadying climbing as investors bet that a stronger world economy will lead to higher interest rates, Reuters reported.

“If the market really thinks there will be a rate hike within a year, then the two-year yield could rise near 1 percent,” said Tomoaki Shishido, a…