US yields rise as Wall Street rallies

NEW YORK: US Treasury yields rose to session highs in late trading on Wednesday as major US stock indexes soared, snapping a four-day rout, led by upbeat news on the year-end holiday season and gains in oil prices and bank shares.

At 4:11 p.m. (2111 GMT), the yield on benchmark 10-year Treasury notes was 2.810 percent, up 5.7 basis points from late on Monday, making it the biggest yield daily increase since Nov. 2, Refinitiv data showed.