Finance
US 10-year Treasury yield rises to highest level since 2007
The benchmark US 10-year Treasury yield reached 5.04% amid concerns about inflation and expectations of higher interest rates, according to the Financial Times.
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Owen Mercer
Markets and Finance Editor
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Source: Financial Times · View original source
Markets
The benchmark US 10-year Treasury yield rose to 5.04%, its highest level since 2007, according to the Financial Times.
The move came amid concerns about inflation and expectations of higher interest rates, the supplied report said.
The material does not specify whether 5.04% was an intraday or closing level, nor does it detail the scale or duration of the rise.
The yield is closely watched across financial markets as a benchmark borrowing cost, but the supplied information does not provide further details on market reactions or the outlook for interest rates.
