10-Year Treasury Yield Surges to 24-Year High
The yield on the 10-year U.S. Treasury note has reached a 24-year high due to persistent selling pressure, signaling a new era of elevated borrowing costs for the economy.
S. Treasury note to a 24-year high, a striking level that adds to signs the economy has moved into a new phase of higher borrowing costs. As a key benchmark for interest rates across many kinds of debt, the bid…