> U.S. 10-Year Treasury Yield Reaches 5.35%, Highest Since April 2002

0852 ET – Treasury yields push higher after two sessions where they fell, as markets wait for Fed minutes and a 10-year auction. Oil rises 1% and the dollar strengthens. Investors will scrutinize the discussions that led the central bank to raise rates for the first time in three years. Inflation data due next week will set expectations for the next move, which is currently priced in as a hold. The Treasury is auctioning $39 billion in 10-year notes. High yields have attracted buyers in recent tenders. The 10-year yield rises to 5.347% from 5.270% yesterday. The two-year increases to 4.823% from 4.789%. The 30-year is at 5.752%, a level not seen since 2002. (paulo.trevisani@wsj.com; @ptrevisani)