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The yield on 10-year Treasuries crossed above five percent on Monday morning, the first time it has breached that threshold since 2023.
The sell-off in Treasuries this year has sent yields climbing from a range of 4.15 to 4.30 percent in January, continuing the bond roller-coaster that has seen yields bouncing up and down for the past few years. Treasury yields rise as the price of bonds falls.
On Monday, the 10-year yield climbed from Friday’s close of 4.938 percent to as high as 5.012 percent. By midday, however, it retreated to as low as 4.936 percent and then bounced to 4.955 percent. If the yield were to close above five percent, this would be the first time since July 2007.
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