10-Year Treasury Yield Hits 5% as Investors Ignore Trump — SkimNews
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- The 10-year Treasury yield touched 5%, a level recorded only once since the global financial crisis and the highest in years, per the report.
- Investors continued to rebuff the Trump administration's efforts to sway the bond market, with the milestone hit coming despite those administration attempts.
Why it matters: The 10-year Treasury yield hitting 5% — a level visited only once since the global financial crisis — shows the bond market is moving against the administration's preferences. Treasury yields of this magnitude directly raise borrowing costs for mortgages, corporations, and the federal government itself, making the administration's failure to talk rates down materially consequential for both the economy and its own fiscal outlook.
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