the sudden spike in the 10year us treasury yield eased on thursday morning with it rising slightly to hover above 183 the yield on the benchmark 10year treasury note added 1 basis point climbing to 18379 at 4 am et the yield on the 30year treasury bond moved 1 basis point higher to 21522 yields move inversely to prices and 1 basis point is equal to 001 the 10year rate hit 19 in early trading on wednesday amid mounting anticipation that the federal reserve would soon raise interest rates concerns around the timing of central banks tightening monetary policy and rising inflation has seen bonds yields jump this week the twoyear us treasury yield which reflects shortterm interest rate expectations also topped 1 for the first time in two years on tuesday it traded at 10474 early on thursday morning meanwhile the 10year german bund yield traded in positive territory for the first time in nearly three years on wednesday morning but had fallen back to 0018 in early trading on thursday willem sels global chief investment officer private banking and wealth management at hsbc told cnbcs squawk box europe on thursday that he expected the market to flipflop around the interest rate outlook particularly in terms of the rotation between socalled growth and value stocks sels said that hsbc had forecast that the 10year treasury yield would range between 15 and 2 over the next two years he said that this was partly because central banks are actually managing to keep those longer term inflation expectations in check investors will be looking to the latest weekly jobless claims data due out at 830 am et on thursday for further indication as to the state of the us economic pandemic recovery us existing home sales data for december is then expected to be released at 10 am et auctions are scheduled to be held on thursday for 50 billion of fourweek bills 40 billion of eightweek bills and 16 billion of 10year treasury inflationprotected securities