The policy-sensitive 2-year Treasury yield was on pace for its largest one-day gain in at least week on Tuesday, as investors and traders shrugged off flight-to-safety trades seen in the previous session. The 2-year rate rose as much as 7.6 basis points to as high as 5.136%, and was around 5.11% as it headed for its biggest daily jump since at least Oct. 17. Treasurys sold off as investors and traders focused on the U.S. economy, with a pair of S&P surveys released on Tuesday showing that businesses got off to a good start in the fourth quarter.
