10-year Treasury yield reaches 5% ahead of Fed meeting
10-year Treasury yields hit 5% for the first time since October 2023 as markets look ahead to this week’s Federal Reserve meeting.
Benchmark 10-year Treasury yields climbed to the 5% psychological level on Monday for the first time since October 2023, with the move coming ahead of this week's Federal Reserve meeting. S. central bank is widely expected to raise interest rates at the meeting, while analysts described the 5% level as a milestone threshold.