Economic TimesLean R·
US 10-year Treasury yields reach 5%, highest since 2023, ahead of Fed rate decision
Benchmark U.S. Treasury yields have climbed above five percent, a significant psychological threshold. This surge reflects expectations of persistently higher interest rates from the Federal Reserve. Rising oil prices and strong jobs data are fueling renewed inflation concerns for the economy. Higher yields could impact mortgages and other loans, affecting housing market activity. The market now awaits Federal Reserve interest rate projections and upcoming debt auctions.
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