Report
US 10-Year Treasury Yield Hits Multi-Decade High of ~5.35%
The benchmark 10-year Treasury yield surged to around 5.35% intraday (highest since April 2002), with 30-year yields reaching ~5.73%. The sell-off reflects persistent inflation concerns linked to oil, strong economic data, AI-driven capital demand, and heavy government issuance.
TLDR
Yields at these multi-decade highs signal tighter financial conditions and higher borrowing costs for mortgages and corporate debt. They create headwinds for equities and valuations despite AI tailwinds, influence housing affordability, and reflect intersecting geopolitical (oil) and fiscal/AI demand pressures affecting global markets.
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