Treasury yields climb on renewed stimulus optimism - CNBC

The yield on the benchmark 10-year Treasury note climbed to 0.804% while the yield on the 30-year Treasury bond rose slightly to 1.612%.

The 10-year yield on Tuesday closed above 0.8% for the first time since June.

White House Chief of Staff Mark Meadows said Tuesday evening that Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi had made "good progress" toward a deal on a new coronavirus aid bill, although Meadows warned the two sides "still have a ways to go.".

"A 1% [10-year] yield is possible soon if a fiscal deal gets passed," Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note on Wednesday.

The benchmark 10-year rate has bounced from its all-time low hit in the depth of the pandemic.