10-year Treasury yield hits 5 percent
Summary
The yield on the 10-year U.S. Treasury bond went above 5 percent during Monday's trading, a rare event in recent years. It reached 5.014 percent before dropping slightly to 4.961 percent later in the day.Key Facts
- The 10-year Treasury bond yield rose above 5 percent for only the second time in 19 years.
- The highest point reached was 5.014 percent during Monday’s trading.
- By mid-afternoon, the yield fell to 4.961 percent.
- The yield started the day just under 4.95 percent.
- Treasury yields reflect the return investors get for lending money to the U.S. government.
- Changes in the 10-year yield can influence interest rates for loans and mortgages.
- A higher yield often means investors expect higher inflation or interest rates in the future.
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