Yhn BusinessFinance first seen 4 h ago, last 5 min ago, peak #3
10-year Treasury yield tops 5.3%, a 24-year high
Original: 10-year Treasury yield climbs above 5.3% to a level not seen in 24 years
The yield on the 10-year US Treasury note has risen above 5.3%, its highest level since around 2001, according to a Wall Street Journal report. Surging yields are dragging the bond market back to conditions last seen at the turn of the century, signaling heavy selling of long-dated government debt. Investors and analysts are weighing what the jump means for borrowing costs, stocks and the broader economy.
Why now: A 24-year high in the benchmark US government borrowing rate has major implications for markets, mortgages and the economy.
US Treasury10-year Treasury noteWall Street Journal
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Evidence
- 10-year Treasury yield climbs above 5.3% to a level not seen in 24 years · kaycebasques · 91
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