US 10-year Treasury yield reaches 5% for first time since 2023
Rising US borrowing costs have pushed the benchmark Treasury yield to a level the Financial Times characterised as perilous territory for global financial markets.
The yield on the US 10-year Treasury reached 5% on 14 September, marking the first time it has reached that level since 2023.
The move came as US borrowing costs rose, according to the Financial Times, which reported the milestone in a story headlined “Ten-year Treasury yield hits 5% for first time since 2023”.
The 10-year Treasury yield is an important benchmark for global financial markets. Its latest move places the gauge at a level the Financial Times described as “perilous territory”.
The supplied material does not identify the factors behind the increase, the precise yield measure or any resulting market or policy response.
