10-Year Treasury Yield Hits 19-Year High
The benchmark yield surpassed 5.14%, a level not seen since July 2007, amid a broad selloff in bonds.
Business & Markets • 3 hours ago
The benchmark 10-year Treasury yield climbed to a 19-year high on Thursday, reaching an intraday level of 5.14%. This marks the highest point for the 10-year yield since July 2007.
The rise in the 10-year Treasury yield, a key indicator that influences borrowing costs across various sectors of the economy, occurred as part of a wider selloff in the bond market. The selloff saw bond prices decline and yields increase.