U.S. Treasury bond yields are determined by the bond's par value, coupon yield, and the bond's current market price. The face value and coupon yield of a bond are determined when it is issued, so the main factor affecting the bond's yield is the market price of the bond.
If bonds are sold off and there is an oversupply in the market, the market price of bonds will fall, causing bond yields to rise.
The Fed's interest rate hikes will affect the rise in the U.S. ten-year Treasury bond yield. When the Fed raises interest rates, the coupon rate on newly issued Treasury bonds will be higher than the coupon rate on older Treasury bonds issued when interest rates were low to attract investors. This causes older Treasuries to be sold off, which in turn causes Treasury yields to rise.
If bonds are sold off and there is an oversupply in the market, the market price of bonds will fall, causing bond yields to rise.
The Fed's interest rate hikes will affect the rise in the U.S. ten-year Treasury bond yield. When the Fed raises interest rates, the coupon rate on newly issued Treasury bonds will be higher than the coupon rate on older Treasury bonds issued when interest rates were low to attract investors. This causes older Treasuries to be sold off, which in turn causes Treasury yields to rise.