Treasury Yields Approach Highest in 2015 as Refuge Appeal Fades

Treasury 10-year note yields approached a 2015 high amid speculation Greece’s government may seek an extension of its loan agreement and as traders added to bets the Federal Reserve will raise interest rates later this year.

Yields on the benchmark securities for everything from consumer loans to mortgages have risen almost half a percentage point since January. The yield on the two-year note, more sensitive to central-bank policy than longer-term peers, traded at almost the highest this year as the Fed prepares to release minutes of its January meeting Wednesday.