US 10-Year Treasury Yield Surpasses 5% Amid Inflation Worries

The US 10-year Treasury yield crossed 5% for the first time since 2023 due to rising inflation concerns and borrowing needs.

• The US 10-year Treasury yield surpassed 5% for the first time since 2023.
• The rise is driven by inflation angst and swelling government and corporate borrowing needs.