US 10-Year Yield Hits 4.814%, Highest Since Nov 2023 as Powell Signals Tightening

US 10-year Treasury yield surged to 4.814%, the highest since November 2023, as Fed Chair Powell's Jackson Hole remarks signaled a hawkish stance favoring tighter monetary policy. This marks a reversal from earlier easing expectations, pressuring equities and raising liquidity concerns on Wall Street. The move reflects growing market conviction that rates will stay higher for longer, with implications for global risk assets.