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Yield on the benchmark 10-year Treasury note rose as much as 8 basis points to 2.314 per cent, the highest since August 1, according to Reuters data.
Yield on the more policy sensitive 2-year note gained nearly 3 basis points to 1.483 per cent, the highest since November 2008.
The sell-off in Treasuries got an extra boost from President Trump’s fresh push for tax reform while better-than-expected durable goods data released earlier this morning helped ease concerns that the devastation caused by Hurricanes Harvey and Irma would throw the US economic recovery off course.