10-year U.S. Treasury bond yield hits highest level since 2007

The 10-year U.S. Treasury bond yield climbed above the 5% threshold to 5.041 percent, reaching its highest intraday mark since July 2007, prompting a stock sell-off and hitting seven-year highs in correlation with oil prices.

• The 10-year U.S. Treasury bond yield peaked at 5.041 percent.
• The yield reached its highest level since July 2007, prior to the 2008 financial crisis.
• The yield on the 10-year US Treasury broke above 5%.
• Oil and 10-year Treasury yields reached their highest correlation since 2019.