10-year Treasury yield hits 5.1% for first time in 19 years
- New York — The 10-year US Treasury yield surged Wednesday to reclaim its highest level in nearly two decades after new data depicted strong business activity and intensifying inflation concerns.
- The 10-year yield surged 15 basis points to 5.11%, a fresh high for this year and the highest level since 2007.
- The key yield helps set borrowing costs across the economy.
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- New York — The 10-year US Treasury yield surged Wednesday to reclaim its highest level in nearly two decades after new data depicted strong business activity and intensifying inflation concerns.
- The 10-year yield surged 15 basis points to 5.11%, a fresh high for this year and the highest level since 2007.
- The key yield helps set borrowing costs across the economy.
Sources: CNN