Explore the latest developments concerning 10-year Treasury yield.
10-year Treasury yield hits 5%, critical threshold for US economy and markets | CNN Business
The rise in bond yields hit a critical threshold on Monday, with the 10-year Treasury yield rising to 5%, a level briefly touched in 2023 and otherwise not seen since 2007. The move in the key benchmark could mean higher costs for Americans who want to buy a home, finance a car or take out other loans.
The 10-year yield extended a recent surge that has pushed up borrowing costs for consumers, businesses and the US government. Yields have climbed despite efforts by Treasury Secretary Scott Bessent to quell concerns in the bond market.
The global bond market, dominated by the almost $32 trillion US Treasury market, has sold off as investors grapple with a mosaic of concerns, from soaring energy prices and expectations for central banks to raise interest rates to uncertainty about the war with Iran and unchecked government spending amid mounting debt.
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