Rates rise with 10-year and 30-year Treasury yields reaching several-year highs

The 10-year Treasury bond yield reached its highest level since July 2011 and the 30-year Treasury bond yield reached its highest level since October 2014, after new data raised the bar booming economy.

"The US economy is strong, there is no other way to structure it," said Nathan Sheets, chief economist at PGIM Fixed Income.

"The economy is strong, growth is strong, inflation is rising steadily according to Fed plans, and in reality, the US Treasury will emit a lot of emissions over the next few years, putting upward pressure on the economy. on near term rates, "he said.