The benchmark 10-year Treasury yield rose Wednesday, reaching its highest level in more than 15 years, as traders weighed fears of persistent inflation and tighter monetary policy for longer than expected. The 10-year Treasury yield gained over 7 basis points to 4.634%. It had risen as high as 4.566% on Tuesday, its highest level since 2007. The 2-year Treasury yield also added 7 basis points to 5.148%. Yields and prices have an inverted relationship and one basis point equals 0.01%. {table} The Commerce Department reported Wednesday morning that orders for durable goods rose 0.2% in August, topping the 0.5% decline ... (full story)