treasury yields remain up sharply in 2022 but were set friday to give back a chunk of this week’s rise as traders look ahead to next week’s meeting of federal reserve policy makers what are yields doing   the yield on the 10year treasury note tmubmusd10y was at 1792 compared with 1833 at 3 pm eastern on thursday the yield was up 337 basis points in the month to date through thursday   the 2year treasury yield tmubmusd02y was1028 versus 1049 on thursday afternoon which was its highest finish based on 3 pm levels since feb 27 2020 according to dow jones market data   the yield on the 30year treasury bond tmubmusd30y stood at 2102 compared with 214 late thursday the selloff in treasurys that has driven yields which move opposite to prices sharply higher appeared to take a pause the move higher in yields has been driven by signals the federal reserve will be much more aggressive than previously expected in raising interest rates and otherwise tightening monetary policy in response to persistently high inflation the fed meets on tuesday and wednesday of next week with policy makers expected to lay the groundwork for a rate increase when they gather again in march read fed to use january policy meeting to get ducks in a row for march liftoff the sharp runup in yields has been seen as a trigger for a stockmarket stumble particularly for tech and other socalled growth stocks growth stock valuations are based on expectations for cash flow far into the future when treasury yields rise the value of that future cash is discounted the techheavy nasdaq composite comp fell into correction territory earlier this week after falling more than 10 from its november record high the dow jones industrial average djia is down 45 for the month to date through thursday while the sp 500 spx has slid 6 stocks attempted a rebound in thursday’s session but suffered a late reversal that left major indexes in the red analysts said the selloff in equities may have reached a threshold where it prompted some modest havenrelated buying interest in treasurys the economic calendar is light featuring the conference board’s december leading economic index at 10 am eastern what are analysts saying “of late bond saleshigher rates in anticipation of accelerated fed rate hikes weighed on risky assets yesterday some investors apparently concluded that us yields had risen enough for bonds to retake their safe haven role” wrote analysts at kbc bank in brussels in a friday note “bond investors will perhaps be keen to not get too carried away with themselves ahead of next week’s fomc meeting which may shed greater light on the bank’s plans for the coming year” said matthew ryan senior market analyst at ebury in emailed comments