Treasury Yield Hits 5 Percent as Wall Street Slips
US equity markets ended a volatile week with mixed results as the 10-year Treasury yield hit 5.0% for the first time since 2023. Elevated bond yields and surging oil prices pressured the broader market, causing the Dow to fall slightly while the Nasdaq bucked the trend with a modest gain.
According to the Scranton Times-Tribune, the 10-year Treasury yield climbed to 5.0% from 4.94% late Thursday, marking its first breach of this threshold since 2023. This rise in borrowing costs, driven by persistent inflation and oil price volatility, weighed on major US indexes, resulting in a mixed close where the S&P 500 edged up while the Dow slipped.
Source: thetimes-tribune.comThe 10-year US Treasury yield rose to 5.0 percent, exerting downward pressure on US equity indexes during Friday trading.
Source: The Killeen Daily Herald
