The 10-year US Treasury yield has climbed above 5% for the first time since 2007, rising over 4 percentage points in just three years. Higher 10-year yields increase borrowing costs across markets, impacting everything from mortgage rates to business and government loans.
Yahoo Finance’s Ines Ferre analyzes past instances when yields rose above five percent and explains what it could mean for the economy going forward if yields continue rising at this pace.
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