The yield on 10-year Treasuries crossed above five percent on Monday morning, the first time it has breached that threshold since 2023.
\n\nThe sell-off in Treasuries this year has sent yields climbing from a range of 4.15 to 4.30 percent in January, continuing the bond roller-coaster that has seen yields bouncing up and down for the past few years. Treasury yields rise as the price of bonds falls.
\n\nOn Monday, the 10-year yield climbed from Friday’s close of 4.938 percent to as high as 5.012 percent. By midday, however, it retreated to as low as 4.936 percent and then bounced to 4.955 percent. If the yield were to close above five percent, this would be the first time since July 2007.
\n\nThe yield on two-year Treasuries initially spiked higher on Monday morning, rising to 4.679 percent from Friday’s close of 4.664 percent. By midday, it had retreated to 4.622 percent.
\n\nThe 10-year yield fell below four percent in 2024 as fears of a slumping labor market and an economic slowdown took hold in the final spring and summer of the Biden administration. The Fed cut its short-term benchmark interest rate target by half of a percentage point in September of…
Original source: https://www.breitbart.com/economy/
