US 10-year Treasury yield briefly tops 5% for first time since 2023 amid inflation fears and Fed rate hike expectations

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US 10-year Treasury yield briefly tops 5% for first time since 2023 amid inflation fears and Fed rate hike expectations

⚡ Markets: Higher borrowing costs weigh on corporate profits and consumer spending, pressuring equity valuations, particularly for growth and tech stocks. Strengthens the US dollar and increases global financial tightening.US 10YSPXQQQDXY

The benchmark 10-year US Treasury yield surpassed 5% before retreating, driven by surging oil prices that have intensified inflation concerns. Markets are now pricing in a high probability of further interest rate hikes by the Federal Reserve this year to combat persistent inflation.

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37 sources across the spectrum

Financial pressBloomberg — US 10-Year Yield Breaches 5% as Inflation, Supply Worries Mount

Financial pressCNBC — The stock market could do something strange this week after the Fed decision

Financial pressCNBC — Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike

Financial pressWall Street Journal — U.S. 10-Year Yield Cools After Topping 5%, German Bund Yield Hits 15-Year High

Financial pressBloomberg — Strategist Who Foresaw 10-Year Treasuries at 5% Says Selloff Isn’t Done Yet

Financial pressWall Street Journal — Dollar Strengthens as Treasury Yields Rise Amid Inflation Fears

Non-West StateDaily Sabah — 10-year US Treasury yield hits 5% for 1st time since late 2023

Financial pressBloomberg — Dollar Jumps Most Since June as 10-Year Treasury Yield Tops 5%

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