US 10-Year Treasury Yield Hits 2007 High: The US 10-year Treasury

The US 10-year Treasury yield reached 5.04%, its highest level since 2007, before easing back. This surge in borrowing costs reflects market concerns about inflation and government debt.

🐿️ This yield spike is a warning that the era of cheap money is over, and consumers will feel the pinch through higher mortgage and auto loan rates.