10-Year U.S. Treasury Yield Surges Above 5.3%, Highest Since 2002
The yield on the 10-year U.S. Treasury note surpassed 5.3% on Wednesday, reaching its highest level since 2002, driven by relentless selling pressure in the bond market.
The bond market keeps turning back the clock. S. 3% Wednesday, blowing past its 2007 peak and taking it to its highest level since 2002, according to Tradeweb. The milestone is notable because it is the highest since 2002.