Yield on 10-year US government bonds rises above 5% for first time since 2007

US political concerns continue to weigh on consumer confidence
Source: Pixabay

The yield on 10-year US government bonds rose above 5.0 percent for the first time since 2007 during the height of the subprime mortgage crisis.

The rate on 10-year Treasury bonds hit 5.008 percent in morning at 0910 GMT as investors worry the US Federal Reserve will need to keep interest rates higher for longer in the face of stubborn inflation and a resilient US economy.


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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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