US 10-Year Treasury Yield Hits 5.02%, Highest Since 2007

The US 10-year Treasury yield reached 5.02% on Monday, the highest level since 2007, signaling sustained market pressure on long-dated bonds. This move reflects expectations of prolonged higher rates or term premium expansion, with implications for global borrowing costs and equity valuations. The exact driver—whether inflation persistence, supply concerns, or Fed policy—remains uncertain.