10-year Treasury yield spikes to highest point since 2007

The benchmark 10-year U.S. Treasury yield reached 5.11% on Wednesday, its highest level since 2007. The spike occurred during a market sell-off linked to rising government debt and international conflict. The yield increased by approximately 14 basis points from Tuesday's close.
The benchmark 10-year U.S. Treasury bond yield again hit a 19-year high on Wednesday, as the market sell-off continues amid the Iran war and rising government debt. The 10-year note closed at 5.11 percent on Wednesday, up roughly 14 basis points from its closing point on Tuesday. The 10-year bond yield peaked at more than...
READ NEXT
More on the wire
AI TLDR
Authorities have dismantled a network of Russian agents accused of attempting to infiltrate the U.S. Secret Service by utilizing an American technology CEO.
AI TLDR
President Trump is hosting China's leader, Xi Jinping. Scott Bessent announced that the trade truce between the United States and China has been extended until January 10.
AI TLDR
A two-year-old boy was allegedly killed by his mother, Corie Walsh, who is accused of hanging him in their home.