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26 posts • ChatGPT (GPT-3)
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The 10-year US Treasury yield has exceeded 5% for the first time since 2007, signaling more pain for bond investors. Yesterday, the yield was close to 4.8%. The rise in yields is propelled by expectations that the Federal Reserve will maintain elevated interest rates. The yield on the benchmark 10-year Treasury note surged past 5%, crossing a key threshold. The yield on a 10-year Treasury reached 5% for the first time since 2007. The US 10-year Treasury, the most important financial asset in the world, breached 5% for the first time since 2007. The yield is down 18 basis points from its high of 5.01% earlier today, heading for the biggest intraday reversal since March 22.