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10-year Treasury yield hits 24-year high of 5.34%
Original: 10-year Treasury yield hits 5.34% — a 24-year high now driving mortgage rates, car loans and your portfolio
The yield on the 10-year US Treasury bond has climbed to 5.34%, its highest level in roughly 24 years. The surge is rippling through the economy, pushing up mortgage rates, car loan costs and affecting investment portfolios. Rising yields reflect elevated government borrowing and expectations that interest rates will stay higher for longer, squeezing household finances.
Why now: Bond yields reaching a multi-decade high directly raises borrowing costs for households and investors
US Treasury10-year Treasury yield
Evidence
- 10-year Treasury yield hits 5.34% — a 24-year high now driving mortgage rates, car loans and your portfolio · Yahoo Finance
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