10-year Treasury yield hits 5% as markets brace for Fed rate move
The 10-year Treasury yield hit 5% for the first time since October 2023, raising pressure on stocks as markets brace for the Fed's decision. A quarter-point hike now has a 90% probability. The yield could soon hit levels not seen since July 2007, while oil above $100 adds inflation pressure. Still, the S&P 500 remains up more than 11% this year, despite recent market volatility.
The 10-year Treasury yield hit 5% for the first time since October 2023, raising pressure on stocks as markets brace for the Fed's decision. A quarter-point hike now has a 90% probability. The yield could soon hit levels not seen since July 2007, while oil above $100 adds inflation pressure. Still, the S&P 500 remains up more than 11% this year, despite recent market volatility.
