US 10Y yield hits 5.1%, highest since 2007, on strong economy and high oil

The 10-year Treasury yield reached 5.1%, the highest since July 2007, driven by robust economic growth, elevated inflation, and persistently high oil prices. This suggests the Federal Reserve may continue raising its key interest rate, a shift from earlier expectations of a pause. The move signals a repricing of rate expectations with implications for global risk assets.