U.S. 30-year Treasury yields hit a year-to-date high after U.S. bond issuance was cold

The U.S. 30-year Treasury yield climbed to its highest level this year on Wednesday after the 5-year Treasury issuance cooled, while the U.S. Treasury Department is expected to announce a larger bond issuance plan for the February-April period a week later. The yield on the 30-year Treasury note rose more than 4 basis points to 4.407%, its highest level since Dec. 5 last year. Ahead of the issuance of the $61 billion five-year Treasury note at 1 p.m. New York time, Treasury yields of all maturities were higher during the day, buoyed by stronger-than-expected indicators of economic activity in January.