Mumbai, June 23 -- U.S. Treasury yields climbed on Monday, pushing the 2-year yield to its highest since early last year, as investors looked ahead to key inflation data due to be released Thursday and weighed the latest developments in the U.S.-Iran war negotiations.

The 2-year Treasury note yield which closely tracks short-term Federal Reserve interest rate policy was more than 5 basis points higher at 4.23%. It hit its highest level since Feb. 21, 2025 when it yielded as high as 4.27%.

The yield on the 10-year U.S. Treasury note - the key benchmark used to price mortgages, auto loans and credit card debt - rose more than 5 bps to 4.50%. The longer-dated 30-year Treasury bond yield advanced more than 4 bps to 4.94%.

Published by HT D...